Customs exemption for gold imports under export scheme requires RBI permit and bond securing export equivalence. Exempts import duty on specified high purity gold imported under the Scheme for export of gold jewellery and articles, provided the importer holds a general or specific permit from the Reserve Bank of India and executes a bond, in form and sum specified by the Assistant Collector of Customs, undertaking to export jewellery or articles with gold content equivalent to the imported gold within the stipulated or extended period and to pay duty on any shortfall.
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 gold imports under export scheme requires RBI permit and bond securing export equivalence.
Exempts import duty on specified high purity gold imported under the Scheme for export of gold jewellery and articles, provided the importer holds a general or specific permit from the Reserve Bank of India and executes a bond, in form and sum specified by the Assistant Collector of Customs, undertaking to export jewellery or articles with gold content equivalent to the imported gold within the stipulated or extended period and to pay duty on any shortfall.
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