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of <h1>Customs Duty Exemption on Silver: Indian Passengers Can Import Up to 100kg at Reduced Rates, Effective November 1994.</h1> The notification outlines the customs duty exemption on silver imported by eligible passengers of Indian origin or those holding valid passports under the Passport Act, 1967. Effective from November 1, 1994, the exemption allows silver, excluding stone or pearl-studded ornaments, to be imported at a reduced duty rate of 1500 per kilogram, provided the duty is paid in convertible foreign currency. The quantity is limited to 100 kilograms per passenger, and the silver must be imported within 15 days of the passenger's arrival. The exemption also applies to silver obtained from customs bonded warehouses, subject to conditions and declaration requirements.
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