Customs amendment permits airport duty free sale of zone made gems and mint conversion of manufacturing gold scrap. Amendment modifies an existing customs exemption by (i) altering wording in a condition to add an exception reference; (ii) adding a proviso permitting scrap, dust or sweepings of gold from manufacture to be sent to the Government Mint for conversion into standard bars and returned to the zone under Collector of Customs procedure; and (iii) inserting a condition allowing gem and jewellery made in the zone to be supplied to airport departure lounge retail outlets for sale to tourists under the Import and Export Policy and Collector specified procedures.
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Customs amendment permits airport duty free sale of zone made gems and mint conversion of manufacturing gold scrap.
Amendment modifies an existing customs exemption by (i) altering wording in a condition to add an exception reference; (ii) adding a proviso permitting scrap, dust or sweepings of gold from manufacture to be sent to the Government Mint for conversion into standard bars and returned to the zone under Collector of Customs procedure; and (iii) inserting a condition allowing gem and jewellery made in the zone to be supplied to airport departure lounge retail outlets for sale to tourists under the Import and Export Policy and Collector specified procedures.
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