Assessment of Duty of Gold/Silver in SEZ -Clarification Reg

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..... e notice of the Board that under the SEZ Scheme, the assessment of gold/silver is done at the tariff rate of duty and not at effective rate of duty specified under notification No 80/97 -Cus., dated 21-10-97, as in the case of EOU/EPZ Schemes. A request has been made that assessment of gold and silver under the SEZ Scheme should also be made at the effective rate of duty and not at the tariff rate .....

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..... ed assessment of gold/silver at the effective rate of duty as specified in notification No 80/97-Cus dated 21-10-97, instead of assessment at tariff rate of duty. The value of bonds may be calculated accordingly. However, in case of clandestine removal, evasion of duty by collusion or any willful mis-statement or suppression of facts, the fine and penalty may be imposed adequately so as to make it .....

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