MoF relaxes procedural norms for capital goods transfer / requirements of captive power plants / import of samples etc for EoU/STP/SEZ/amendments related to Gem and Jewellery sector - 050/2005 - Customs -Tariff
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Import limits for gem and jewellery samples tightened and procedural relaxations permit capital goods movement on intimation. Amendments increase and specify import limits for gem and jewellery samples (ceiling of Rs. 3,00,000 or 0.25% of three year average export value, up to 15 units in 12 months) with certification by the Gem and Jewellery Export Promotion Council; reduce certain percentage thresholds from 0.50 to 0.25; allow capital goods to be moved between eligible units or taken out for testing/repairs on intimation without prior permission (status holders exempt from prior permission); permit duty free outward samples for display to other units subject to 30 day return; permit captive power plants sized to unit needs and allow spares up to 5% value.
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Import limits for gem and jewellery samples tightened and procedural relaxations permit capital goods movement on intimation.
Amendments increase and specify import limits for gem and jewellery samples (ceiling of Rs. 3,00,000 or 0.25% of three year average export value, up to 15 units in 12 months) with certification by the Gem and Jewellery Export Promotion Council; reduce certain percentage thresholds from 0.50 to 0.25; allow capital goods to be moved between eligible units or taken out for testing/repairs on intimation without prior permission (status holders exempt from prior permission); permit duty free outward samples for display to other units subject to 30 day return; permit captive power plants sized to unit needs and allow spares up to 5% value.
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