FTZ/EOU goods clearance conditions updated to permit limited domestic clearance of jewellery with special import licence and duty payment. Amendments permit controlled domestic clearance of plain gold or silver jewellery from FTZ/EOU units where the recipient furnishes a freely transferable Special Import Licence, consultation occurs between the Development Commissioner and Customs, and excise duty is paid from the recipient's Exchange Earners Foreign Currency account; permit Customs to allow clearance of dead stock or broken stones into the Domestic Tariff Area on payment of duty and define dead stock as goods not exported within two years; and update Export and Import Policy references and certain paragraph cross references, including a provision for electronic hardware units' domestic sales treatment.
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Provisions expressly mentioned in the judgment/order text.
FTZ/EOU goods clearance conditions updated to permit limited domestic clearance of jewellery with special import licence and duty payment.
Amendments permit controlled domestic clearance of plain gold or silver jewellery from FTZ/EOU units where the recipient furnishes a freely transferable Special Import Licence, consultation occurs between the Development Commissioner and Customs, and excise duty is paid from the recipient's Exchange Earners Foreign Currency account; permit Customs to allow clearance of dead stock or broken stones into the Domestic Tariff Area on payment of duty and define dead stock as goods not exported within two years; and update Export and Import Policy references and certain paragraph cross references, including a provision for electronic hardware units' domestic sales treatment.
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