Payment of customs duty in Indian Rupees permitted for nominated agencies and SIL surrendering importers for gold and silver imports. Import of gold and silver is permitted to nominated and authorised agencies designated by the Reserve Bank of India or the Ministry of Finance; customs duty may be paid in Indian Rupees by such agencies without surrender of a Special Import Licence (SIL), and by other importers in Indian Rupees upon surrender of a SIL, with duty amounts and procedures as notified by the Department of Revenue.
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.
Payment of customs duty in Indian Rupees permitted for nominated agencies and SIL surrendering importers for gold and silver imports.
Import of gold and silver is permitted to nominated and authorised agencies designated by the Reserve Bank of India or the Ministry of Finance; customs duty may be paid in Indian Rupees by such agencies without surrender of a Special Import Licence (SIL), and by other importers in Indian Rupees upon surrender of a SIL, with duty amounts and procedures as notified by the Department of Revenue.
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