Customs duty limitation on gold and silver: amendments permit mint conversion and courier exports subject to an FOB value cap. Amendments limit customs duty on imported gold and silver to rates in Notification No. 80/97-Customs, permit scrap, dust or sweepings to be sent to the Government Mint for conversion and return or cleared to the Domestic Tariff Area on payment of duty on metal content, substitute 'Chain and Bangles manufactured,' expand 'plain jewellery' to include Mangal Sutra with black beads, allow exports by air freight, post parcels and authorised couriers subject to Commissioner procedures and an FOB value cap, and insert old plain jewellery for repair or remaking for re-export in annexures.
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Customs duty limitation on gold and silver: amendments permit mint conversion and courier exports subject to an FOB value cap.
Amendments limit customs duty on imported gold and silver to rates in Notification No. 80/97-Customs, permit scrap, dust or sweepings to be sent to the Government Mint for conversion and return or cleared to the Domestic Tariff Area on payment of duty on metal content, substitute "Chain and Bangles manufactured," expand "plain jewellery" to include Mangal Sutra with black beads, allow exports by air freight, post parcels and authorised couriers subject to Commissioner procedures and an FOB value cap, and insert old plain jewellery for repair or remaking for re-export in annexures.
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