Exemption from additional duty prevents recovery on historic gold wastage where industry practice matched policy allowances. The Central Government directs that customs duty and additional customs duty asserted on gold loss in excess of percentages under notification No. 196/87 for the period 1 April 1988 to 29 March 1992 need not be recovered where such excess does not exceed the wastage levels permitted under the Export and Import Policy 1988-91 for plain and studded gold jewellery, the exemption being grounded on the prevailing industry practice in the Domestic Tariff Area.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption from additional duty prevents recovery on historic gold wastage where industry practice matched policy allowances.
The Central Government directs that customs duty and additional customs duty asserted on gold loss in excess of percentages under notification No. 196/87 for the period 1 April 1988 to 29 March 1992 need not be recovered where such excess does not exceed the wastage levels permitted under the Export and Import Policy 1988-91 for plain and studded gold jewellery, the exemption being grounded on the prevailing industry practice in the Domestic Tariff Area.
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