Concessional duty on findings, mountings of gold

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..... am directed to invite your attention to the Board's circular No 40/2004-cus dated 4th June, 2004 and instructions issued in F.No.528/18/2004-Cus.TU dated 2.8.2005. Certain doubts have been expressed on the issue of extending concessional rate of duty on 'findings' and 'mountings' of gold/silver under notification No. 62/2004-Customs dated 12.5.2004. 2. The issue has been examined by the Board. .....

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..... nal import duty on the import of complete gold/silver jewellery under the guise of mountings and findings. 4. In view of the above, it is hereby clarified by the Board that the findings and mountings of gold and silver are covered under the scope of serial no. 2 and 3 respectively, of the notification No. 62/04-customs dated 12.5.2004 and the concessional import duty may be extended to these ite .....

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