Gold wastage allowances permit specified allowable losses during jewellery manufacture subject to Assistant Collector approval and conditions. Amendments substitute conditions in specified customs exemption notifications to authorize the Assistant Collector of Customs, subject to conditions he may specify, to allow percentage losses of gold during manufacture of different categories of jewellery. The substituted provisions categorize jewellery as plain unstudded articles meeting a minimum value addition threshold, studded articles with graded value addition bands, and mountings and findings, and prescribe corresponding allowable gold wastage for each category.
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Provisions expressly mentioned in the judgment/order text.
Gold wastage allowances permit specified allowable losses during jewellery manufacture subject to Assistant Collector approval and conditions.
Amendments substitute conditions in specified customs exemption notifications to authorize the Assistant Collector of Customs, subject to conditions he may specify, to allow percentage losses of gold during manufacture of different categories of jewellery. The substituted provisions categorize jewellery as plain unstudded articles meeting a minimum value addition threshold, studded articles with graded value addition bands, and mountings and findings, and prescribe corresponding allowable gold wastage for each category.
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