Customs duty exemption for gem and jewellery imports into an export processing zone, subject to use, bond and export obligations. Exemption from customs and additional duty is provided for specified goods imported for gem and jewellery units in the Madras Export Processing Zone, subject to conditions: authorised unit establishment, required Reserve Bank permits and import licences, use within the Zone for manufacture or packaging for export, execution of a bond to meet export obligations, maintenance and submission of accounts, prohibition on bringing manufactured goods into the Domestic Tariff Area, limits on gold sourcing and identification, permitted wastage allowances, and export by air through Madras Airport; duty is payable if conditions are not satisfied.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for gem and jewellery imports into an export processing zone, subject to use, bond and export obligations.
Exemption from customs and additional duty is provided for specified goods imported for gem and jewellery units in the Madras Export Processing Zone, subject to conditions: authorised unit establishment, required Reserve Bank permits and import licences, use within the Zone for manufacture or packaging for export, execution of a bond to meet export obligations, maintenance and submission of accounts, prohibition on bringing manufactured goods into the Domestic Tariff Area, limits on gold sourcing and identification, permitted wastage allowances, and export by air through Madras Airport; duty is payable if conditions are not satisfied.
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