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of <h1>Customs Act Amendments: Duty Adjustments on Jewelry, New 0.25% Duty on Gold/Silver Coins, Expanded Definition of Plain Jewelry</h1> The notification amends previous customs notifications from 1988, 1990, 1994, and 1999 under the Customs Act, 1962, to adjust duties on certain goods. Key amendments include changes in duty rates for mountings used in studded jewelry, and the introduction of a 0.25% duty on gold, silver, and platinum medallions and coins, excluding legal tender. The definition of 'plain jewelry' is expanded to include certain types of jewelry with imitation stones. Additional goods for exporters of gems, jewelry, and cut and polished diamonds are also listed, specifying various tools, materials, and equipment eligible for exemptions.
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