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of <h1>No Additional Customs Duty on Gold Loss Beyond Limits for 1988-1992; Aligns with Export Policy 1988-91.</h1> The Central Government has decided not to levy additional customs duty on gold loss exceeding the permitted percentage during the period from April 1, 1988, to March 29, 1992. This decision follows the prevalent practice under the Export and Import Policy 1988-91, which allowed a gold wastage of up to 2% for plain gold jewelry and between 3% to 10% for studded gold jewelry, depending on value addition. As such, any duty on gold loss exceeding the limits set by the 1987 notification but within the specified ranges will not be collected for this period.
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