Customs exemption for selected pearl and gemstone imports reduces payable duty to specified lower rates on importation. The Central Government, invoking statutory authority, exempts specified imported goods within Chapter 71 from customs duty in excess of the lower effective rates set in the notification, capping payable duty for listed items-raw cultured pearls (including admixtures), raw unworked real pearls, and rough semi-precious stones-on importation.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for selected pearl and gemstone imports reduces payable duty to specified lower rates on importation.
The Central Government, invoking statutory authority, exempts specified imported goods within Chapter 71 from customs duty in excess of the lower effective rates set in the notification, capping payable duty for listed items-raw cultured pearls (including admixtures), raw unworked real pearls, and rough semi-precious stones-on importation.
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