Clarification regarding import of Gems,Precious Stones,Semi-precious Stones etc. against Rep Licences and Gem Rep Licences issued under para 8.2 and 8.38 of Exim Policy 1997-2002 respectively under notification No. 60/2002-Cus, dated 7.6.2002- Reg
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Duty-free import entitlement for raw pearls and precious stones allowed against legacy REP licences under transitional Exim provisions. Imports of raw pearls and precious or semi-precious stones, unset and uncut, are eligible for duty exemption when imported against Replenishment Licences and Gem Replenishment Licences issued under the earlier Exim Policy whose validity has not expired; the policy provisions were relocated without material change and transitional arrangements preserve the effect of previously issued licences, and customs authorities are to allow the exemption and issue a public notice.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty-free import entitlement for raw pearls and precious stones allowed against legacy REP licences under transitional Exim provisions.
Imports of raw pearls and precious or semi-precious stones, unset and uncut, are eligible for duty exemption when imported against Replenishment Licences and Gem Replenishment Licences issued under the earlier Exim Policy whose validity has not expired; the policy provisions were relocated without material change and transitional arrangements preserve the effect of previously issued licences, and customs authorities are to allow the exemption and issue a public notice.
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