Customs duty exemption for specified pearls, precious stones and coin removes both customs and additional duties on import. The Central Government exempts specified Chapter 71 imports from the whole of customs duty under the First Schedule and from the whole of the additional duty under section 3 of the Customs Tariff Act; the exemption applies to raw pearls (other than cultured), unset uncut rubies, emeralds and sapphires, rough diamonds, and current coin of India.
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 duty exemption for specified pearls, precious stones and coin removes both customs and additional duties on import.
The Central Government exempts specified Chapter 71 imports from the whole of customs duty under the First Schedule and from the whole of the additional duty under section 3 of the Customs Tariff Act; the exemption applies to raw pearls (other than cultured), unset uncut rubies, emeralds and sapphires, rough diamonds, and current coin of India.
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