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of <h1>India Exempts Gold, Platinum, Silver Imports from Customs Duties Under Replenishment Licence per Customs Act, 1962.</h1> The Central Government of India, under the Customs Act, 1962, has issued a notification exempting certain imports from customs duties. This exemption applies to gold, platinum, and silver of specified fineness when imported under a Replenishment Licence linked to the export of jewelry or related articles. The exemption covers the entire customs duty and additional duties as per the Customs Tariff Act, 1975. The notification supersedes a previous one from 1997, with exceptions for actions taken before the supersession. It aligns with the Export and Import Policy of 1997-2002 and the related Handbook of Procedures.
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