Gem and jewellery - Amendments to seven notifications - G.E. Nos. 135, 136, 137, 138, 139, 140 & 140C - 145/93 - Customs -Tariff

Gem and jewellery - Amendments to seven notifications - G.E. Nos. 135, 136, 137, 138, 139, 140 140C Notification No. 145/93-Cus. Dated 28-6-1993 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed, shall be further amended, in the manner specified in the corresponding entry in column (3) of the said Table. TABLE S. No. Notification No. and date Amendment (1) (2) (3) 1. (i) (ii) (iii) (iv) (v) (vi) 196/87-Cus., dated the 5th May, 1987 256/87-Cus., dated the 2nd July, 1987 258/87-Cus., dated the 2nd July, 1987 260/87-Cus., dated the 2nd July, 1987 262/87-Cus., dated the 2nd July, 1987 3/88-Cus., dated the 14th January, 1988 In each of the said notifications, for paragraph 2, the following paragraph shall be substituted, namely :- "2. Notwithstanding anything contained in paragraph 1 of this notification, the exemption contained therein shall also apply to silver and gold falling under heading Nos. 71.06 and 71.08 respectively of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) imported by the Minerals and Metals Trading Corporation of India Limited and the State Bank of India for being supplied to the gem and jewellery units in the said zone under the Scheme for Export of gold/silver and platinum jewellery and articles from Export Processing Zones (EPZs) and from Export Oriented Unit (EOU) Complexes specified in paragraph 88 of the Export and Import Policy, 1 April, 1992 - 31 March, 1997, read with Chapter VIII of the Handbook of Procedures Volume 1, 1 April, 1992 -31 March, 1997, of the Government of India in the Ministry of Commerce: Provided that where gold or silver is imported on behalf of a jewellery unit, the exemption shall apply only if - (a) the procedure as may be specified by the Collector of Customs is followed by such a jewellery unit; and (b) the conditions stipulated in para graph 1 of this notification are complied with by such a jewellery unit. 2. 277/90-Cus., dated the 12th December, 1990 In the said notification after clause (xv), the following paragraph shall be inserted at the end, namely :- "2. Notwithstanding anything contained in paragraph 1, the exemption contained therein shall also apply to silver and gold falling under heading Nos. 71.06 and 71.08, respectively of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) imported by the Minerals and Metals Trading Corporation of India Limited and the State Bank of India for being supplied to the hundred per cent export oriented undertakings under the Scheme for Export of gold/silver and platinum jewellery and articles from Export Processing Zones (EPZs) and from Export Oriented Unit (EOU) Complexes specified in paragraph 88 of the Export and Import Policy, 1 April, 1992 - 31 March, 1997, read with Chapter VIII of the Handbook of Procedures, Volume I, 1 April, 1992-31 March, 1997, of the Government of India in the Ministry of Commerce: Provided that where the silver or gold is imported on behalf of a jewellery unit, the exemption shall apply only if - (a) the procedure as may be specified by the Collector of Customs is followed by such jewellery unit; and (b) the conditions stipulated in para graph 1 are complied with by such a jewellery unit."