Bond obligation for imported gold requires export of equivalent gold content or duty payment on any shortfall. The amendment expands the duty-free import scope to include imports under Scheme F or Scheme G and gold findings, mountings or solders up to 0.920 fineness under Chapter 71, and requires the importer to execute a bond to export equivalent gold content within the stipulated or extended period, with an obligation to pay duty on any shortfall as specified by the Assistant Collector of Customs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bond obligation for imported gold requires export of equivalent gold content or duty payment on any shortfall.
The amendment expands the duty-free import scope to include imports under Scheme F or Scheme G and gold findings, mountings or solders up to 0.920 fineness under Chapter 71, and requires the importer to execute a bond to export equivalent gold content within the stipulated or extended period, with an obligation to pay duty on any shortfall as specified by the Assistant Collector of Customs.
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