Gold Imported by Passengers - Amendment to Notification No. 117/92-Cus. - 176/92 - Customs -Tariff

Gold Imported by Passengers - Amendment to Notification No. 117/92-Cus. Notification No. 176/92-Cus. Dated 30-4-1992 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 makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 117/92-Customs, dated the 1st March, 1992, namely :- In the said notification, - (i) for the figures and words "Rs. 450 per ten grams" the figures and words "Rs. 220 per ten grams" shall be substituted; (ii) after the second proviso, the following explanation shall be added, namely :- "Explanation :- For the purpose of this notification, short visits, if any, made by the passenger referred to above, during the aforesaid period of 6 months, shall be ignored if the total duration of stay on such short visit does not exceed 30 days and the said passenger has not availed of the exemption under this notification at the time of such short visits."