Customs exemption for gem and jewellery imports permits duty free inputs for export production subject to authorisation, bonds and usage conditions. Specified goods imported into Export Processing Zones and Free Trade Zones by gem and jewellery units for manufacture, packaging or promotion of exports are exempt from basic customs duty and additional duty under the Customs Tariff Act, subject to conditions: prior authorisation, applicable Reserve Bank permits and import licences, execution of a bond binding use within the Zone and prescribed disposal, maintenance and submission of import and export accounts, Development Commissioner confirmation of use, Assistant Collector powers over intra Zone transfers and re exports, and prescribed gold wastage allowances during manufacture.
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.
Customs exemption for gem and jewellery imports permits duty free inputs for export production subject to authorisation, bonds and usage conditions.
Specified goods imported into Export Processing Zones and Free Trade Zones by gem and jewellery units for manufacture, packaging or promotion of exports are exempt from basic customs duty and additional duty under the Customs Tariff Act, subject to conditions: prior authorisation, applicable Reserve Bank permits and import licences, execution of a bond binding use within the Zone and prescribed disposal, maintenance and submission of import and export accounts, Development Commissioner confirmation of use, Assistant Collector powers over intra Zone transfers and re exports, and prescribed gold wastage allowances during manufacture.
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