Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Gem and Jewellery - Imports of special items for export - Amendment to Notification Nos. 3/88-Cus, 277/90-Cus., and 177/94-Cus.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -10-1997 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 interst 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 coloum (2) of the Table hereto annexed shall be amen .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for the clause (b), the following shall be substituted, namely :- "(b) permit re-export of imported goods and export of domestically procured goods including goods generated out of the partial processing/manufacture from such goods, (c) permit supply of unsuitable rough diamonds and precious stones up to 5% of value of imported or indigenously procured rough diamonds and precious stones to the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... such conditions and limitations as may be imposed by him and subject to provisions of the Export and Import Policy 1 April, 1997 - 31 March, 2002 - (a) permit re-export of imported goods and export of domestically procured goods including goods generated out of partial processing/manufacture from such goods; (b) Permit supply of unsuitable rough diamonds and precious stones up to 5% of value of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... also that plain jewellery up to 10% of the value of export of the preceding year, by the unit may be allowed clearance into the domestic tariff area by the Development Commissioner if the recipient furnishes a freely transferable Special Import Licence for clearance of such items from EOU/EPZ and agrees to pay applicable duties either from his EEFC account or from the EEFC account of the said EOU .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates