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of <h1>India Exempts Raw Pearls and Stones from Customs Duties Under New Notification No. 60/2002-Customs.</h1> The Central Government of India issued a customs exemption notification, No. 60/2002-Customs, dated June 7, 2002, exempting raw pearls, natural or cultured, and precious or semi-precious stones (excluding rough diamonds) from customs duties when imported under a Replenishment Licence or Replenishment Authorisation for Gems. This exemption is in accordance with the Foreign Trade Policy, 2023, and supersedes the previous notification No. 35/2001-Cus. The notification outlines the conditions under which these imports are exempt from duties, emphasizing the necessity for public interest.
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