Customs duty exemption for gold and silver imports under special licence, duty payable in convertible foreign currency. Exempts from customs duty any amount exceeding the fixed effective rates on imports of gold and silver (Chapter 71) when covered by a Special Import Licence, and exempts the whole of additional duty under section 3; duty at the specified rates must be paid in convertible foreign currency from the Exchange Earnings Foreign Currency Account of the importer.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for gold and silver imports under special licence, duty payable in convertible foreign currency.
Exempts from customs duty any amount exceeding the fixed effective rates on imports of gold and silver (Chapter 71) when covered by a Special Import Licence, and exempts the whole of additional duty under section 3; duty at the specified rates must be paid in convertible foreign currency from the Exchange Earnings Foreign Currency Account of the importer.
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