Customs duty exemption for gem and jewellery imports conditional on Zone use, bond, export obligation and compliance with import controls. Exemption from customs duty is provided for listed goods imported for gem and jewellery units in the Cochin Export Processing Zone, subject to conditions: authorized Zone establishment, required licences and RBI permits, designated-channel import and mint marking for fine gold, use and manufacture within the Zone for export or export promotion, execution of a bond, mandatory accounting and export obligations, prohibition on bringing produced goods into the Domestic Tariff Area, permitted gold wastage limits, air freight export via Trivandrum Airport, and duty liability where goods are not proven to have been used, re exported or retained as allowed.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for gem and jewellery imports conditional on Zone use, bond, export obligation and compliance with import controls.
Exemption from customs duty is provided for listed goods imported for gem and jewellery units in the Cochin Export Processing Zone, subject to conditions: authorized Zone establishment, required licences and RBI permits, designated-channel import and mint marking for fine gold, use and manufacture within the Zone for export or export promotion, execution of a bond, mandatory accounting and export obligations, prohibition on bringing produced goods into the Domestic Tariff Area, permitted gold wastage limits, air freight export via Trivandrum Airport, and duty liability where goods are not proven to have been used, re exported or retained as allowed.
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