Customs duty exemption for inputs linked to diamond exports enables duty-free import of specified adhesives and powders under the pass book scheme. Notification No. 79/96-Cus dated 8.10.96 exempts imports of special industrial adhesives, gums and solutions, and synthetic diamond powder up to 1% of the FOB value of cut and polished diamond exports from whole of basic customs duty, the special duty under the Finance Act provision cited, and the additional duty under the customs tariff Act, when imported by exporters operating under the Diamond Credit Pass Book Scheme.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for inputs linked to diamond exports enables duty-free import of specified adhesives and powders under the pass book scheme.
Notification No. 79/96-Cus dated 8.10.96 exempts imports of special industrial adhesives, gums and solutions, and synthetic diamond powder up to 1% of the FOB value of cut and polished diamond exports from whole of basic customs duty, the special duty under the Finance Act provision cited, and the additional duty under the customs tariff Act, when imported by exporters operating under the Diamond Credit Pass Book Scheme.
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