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OFFICE
OF THE COMMISSIONER OF CUSTOMS, |
PUBLIC
NOTICE NO. 303 /2001
Government of India, Ministry of Finance,
Department of Revenue, New Delhi, Notification No.77/2001-Cus vide F.No.341/3/2001-TRU
dated 17.07.2001, is reproduced below for the guidance of the importers,
clearing agents and trading public.
Sd/-
C16/2/2001-AP (PORT) (S. SANKARAVADIVELU)
CUSTOM HOUSE, CHENNAI-1. Dy. COMMISSIONER OF CUSTOMS
(APPG)
DATE: 12.11.2001
Notification No. 86 /2001-Customs
G.S.R.
(E). In
exercise of the powers conferred by sub-section (1) of section 25 of the
Customs Act, 1962 (52 of 1962), and in supersession of the notification of the
Government of India in the Ministry of Finance (Department of Revenue) No.
49/97-Customs, dated 23-5-97 [GSR 272(E), dated 23-5-97], except as respects things
done or omitted to be done before such supersession, the Central Government,
being satisfied that it is necessary in the public interest so to do, hereby
exempts –
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(i) |
gold of fineness not less than 0.995, |
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(ii) |
platinum of fineness not less than 0.900, |
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(iii) |
silver of fineness not less than 0.999, |
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(iv) |
gold findings, gold mountings or gold solders upto 0.920
fineness, upto 10% of the value of the licence within the overall value of
the licence, |
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(v) |
platinum findings, platinum mountings or platinum solders
upto 0.920 fineness, upto 10% of the value of the licence within the overall
value of the licence, |
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(vi) |
silver findings, silver mountings or silver solders upto
0.925 fineness upto 10% of the value of the licence within the overall value
of the licence, |
falling within Chapter 71 of the First Schedule to
the Customs Tariff Act, 1975 (51 of 1975), when imported into India under a
Replenishment Licence issued against export of plain or studded gold jewellery
or articles thereof, platinum jewellery or articles thereof or silver jewellery
or articles thereof, in terms of paragraph 8.37 of the Export and Import Policy
read with paragraphs 8.82 and 8.84 of the Handbook of Procedures, from the whole
of the duty of customs leviable thereon, which is specified in the said First
Schedule and from the whole of the additional duty leviable thereon under
section 3 of the said Customs Tariff Act.
Explanation.- For the
purpose of this notification.-
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(a) |
"Export and Import Policy" means the Export and
Import Policy, 1997-2002, notified by Government of India in the Ministry of
Commerce and Industry vide notification No.1 (RE-00)/1997-2002, dated the 31st
March, 2001, as amended from time to time; |
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(b) |
"Handbook of Procedures" means the Handbook of
Procedures, Vol-I, published vide Public Notice of the Government of India in
the Ministry of Commerce and Industry, No.1(RE-2001)/1997-2002, dated the 31st
March, 2001, as amended from time to time. |
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