Customs exemption for imported silver under approved exhibition export scheme removes applicable customs duty for eligible imports. Central Government exempts silver classified under the Customs Tariff heading for silver from the whole of customs duty specified in the tariff when imported into India under the Scheme for export of gold and silver jewellery and articles for sale at approved exhibitions, as published in the Import and Export Policy, the exemption being exercised under the statutory power conferred by the Customs Act.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for imported silver under approved exhibition export scheme removes applicable customs duty for eligible imports.
Central Government exempts silver classified under the Customs Tariff heading for silver from the whole of customs duty specified in the tariff when imported into India under the Scheme for export of gold and silver jewellery and articles for sale at approved exhibitions, as published in the Import and Export Policy, the exemption being exercised under the statutory power conferred by the Customs Act.
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