Customs exemption amendment allows airport duty-free sale of zone-made gems and minting of scrap gold for return. The notification amends conditions for a customs zone to permit importers to send scrap, dust or sweepings of gold to the Government Mint for conversion into standard gold bars and return to the zone under Collector of Customs procedure, and inserts a condition allowing gem and jewellery manufactured in the zone to be supplied to departure-lounge retail outlets at specified international airports for sale to tourists in accordance with the Import and Export Policy and Collector of Customs procedure.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption amendment allows airport duty-free sale of zone-made gems and minting of scrap gold for return.
The notification amends conditions for a customs zone to permit importers to send scrap, dust or sweepings of gold to the Government Mint for conversion into standard gold bars and return to the zone under Collector of Customs procedure, and inserts a condition allowing gem and jewellery manufactured in the zone to be supplied to departure-lounge retail outlets at specified international airports for sale to tourists in accordance with the Import and Export Policy and Collector of Customs procedure.
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