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<h1>Customs Duty Exemptions for Gem and Jewellery Units in Falta Export Processing Zone Under Notification No. 260/87-Cus</h1> Notification No. 260/87-Cus, dated 2-7-1987, grants customs duty exemptions for specified goods imported on behalf of gem and jewellery units in the Falta Export Processing Zone. These exemptions apply to goods used for manufacturing jewellery in free trade zones. Conditions include authorization for manufacturing, permits from the Reserve Bank of India, and necessary import licenses. Importers must comply with specific usage, export, and accounting requirements, and are restricted from bringing manufactured goods into the domestic tariff area. Capital goods must be used or re-exported within a year, and exports are allowed only via Calcutta Airport.