Additional duty on gold loss in excess of the percentage permitted during 1-4-1988 to 29-3-1992 not to be levied

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..... notification No. 196/87-Customs, dated the 5th May, 1987 of the Government of India, Ministry of Finance, Department of Revenue permitted loss of gold in the manufacturing process not exceeding three per cent in the case of studded gold jewellery and two per cent in the case of handcrafted or machine made plain gold jewellery subject to the fulfilment of conditions specified by the Assistant Com .....

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..... hat according to a practice that was generally prevalent regarding levy of duty (including non-levy thereof), the Gem and Jewellery Units, in the Domestic Tariff Area, were availing of the gold wastage of two per cent for plain gold jewellery and upto three per cent to ten per cent in case of studded gold jewellery as per the Export and Import Policy 1988-91 during the said period. Now, therefor .....

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