Customs exemption for imported coin blanks limits duty to conversion, insurance and freight charges upon meeting origin and timing conditions. The notification limits customs duty on imported stainless steel coin blanks produced from cold rolled strips sent abroad by exempting duty exceeding a portion of value attributable solely to conversion charges (labour, material used abroad excluding cost of goods sent out of India, and other coin blanking charges) and to insurance and freight both ways, subject to import within three years and satisfactory evidence that the blanks were produced from the strips.
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 imported coin blanks limits duty to conversion, insurance and freight charges upon meeting origin and timing conditions.
The notification limits customs duty on imported stainless steel coin blanks produced from cold rolled strips sent abroad by exempting duty exceeding a portion of value attributable solely to conversion charges (labour, material used abroad excluding cost of goods sent out of India, and other coin blanking charges) and to insurance and freight both ways, subject to import within three years and satisfactory evidence that the blanks were produced from the strips.
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