Exemption to gold, silver and platinum imported under specified schemes - 057/2000 - Customs -Tariff

Exemption for precious metal imports under export schemes permits conditional duty relief subject to export-linked compliance.

Notification No. 57/2000-Customs exempts gold, silver and platinum falling under specified tariff headings when imported under defined export schemes, with duty relief varying by scheme. Replenishment imports require compliance with the Foreign Trade Policy and Handbook of Procedures and production of proof of exports; imports under Nominated Agencies require execution of a bond obliging export of equivalent metal content within the prescribed period and payment of duty on any shortfall. Definitions and a list of nominated agencies are provided, and the notification incorporates subsequent amendments and procedural alignments.