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TMI BlogExemption to specified goods imported on behalf of Jem and Jewellery units at Madras Export Processing ZoneX X X X Extracts X X X X X X X X Extracts X X X X ..... of the gem and jewellery units set up in Madras Export Processing Zone at Madras (hereinafter referred to as the said Zone) under the Scheme, for the manufacture of jewellery in free trade zones notified by the Government of India, in the Ministry of Commerce, in public Notice No. P.N. 59/ITC(PN) 1984, dated the 10th October, 1984, as Annexure V to Appendix 22 of the Import and Export Policy, 1984-85 from the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and from the whole of the additional duty, if any leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (i) the importer has been authorised to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed within the said Zone; (ix) the importer shall maintain a proper account of import, consumption and utilisation of the goods and of exports made by him and shall submit such account periodically to the Assistant Collector of Customs, in such form and in such manner, as may be laid down by the Collector of Customs; (x) gem and jewellery, including the rejects, manufactured in the said Zone, shall not be brought to any other place in India (that is to say the Domestic Tariff Area) for whatever purpose; (xi) in the event of such a Unit ceasing its operation, gold, other precious metals, alloys, gem and material for the manufacture of jewellery shall be handed over to the Agency, nominated in this behalf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h the manufacture or packaging of gem and jewellery within the said Zone for export out of India or for the promotion of export of such goods or re-exported within a period of one year from the date of importation thereof or within such extended period as the Assistant Collector of Customs may, on being satisfied that there is sufficient cause for not using them or for not re-exporting them within the said period, allow; (ii) detained within the said Zone in connection with the promotion of exports of gem and jewellery. Explanation : For the purposes of this notification, the Madras Export Processing Zone shall comprise of the places enclosed by the boundaries as specified in paragraph 4 of the notification of the Government of India ..... X X X X Extracts X X X X X X X X Extracts X X X X
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