Exemption for imported gold extended to authorised suppliers for gem and jewellery units, subject to procedural and compliance conditions. The amendment narrows paragraph 1 wording to apply the exemption when goods are imported 'by the gem and jewellery units' and inserts a paragraph extending the exemption to gold imported under the customs tariff heading for gold by authorised suppliers for supply to gem and jewellery units under specified export schemes, subject to Collector of Customs procedures and compliance with paragraph 1 conditions where gold is imported on behalf of a jewellery unit.
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.
Exemption for imported gold extended to authorised suppliers for gem and jewellery units, subject to procedural and compliance conditions.
The amendment narrows paragraph 1 wording to apply the exemption when goods are imported "by the gem and jewellery units" and inserts a paragraph extending the exemption to gold imported under the customs tariff heading for gold by authorised suppliers for supply to gem and jewellery units under specified export schemes, subject to Collector of Customs procedures and compliance with paragraph 1 conditions where gold is imported on behalf of a jewellery unit.
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