https://www.taxtmi.com/circulars?id=977 Procedures govern import, custody and duty exempt supply of precious metals by the Nominated Agency to jewellery exporters: agencies may hold imports in private bonded warehouses or bank vaults; exporters procure metal via ex bond Bills of Entry after executing prescribed bonds secured by a bank guarantee; the Nominated Agency must maintain records, effect deliveries, and notify customs of outstanding exports; customs must monitor stocks; failure to fulfil export obligations triggers recovery of duty, encashment of guarantees and further enforcement. en-us Tue, 08 Jul 1997 00:00:00 +0530 Mon, 28 Jul 2025 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=977 Procedures govern import, custody and duty exempt supply of precious metals by the Nominated Agency to jewellery exporters: agencies may hold imports in private bonded warehouses or bank vaults; exporters procure metal via ex bond Bills of Entry after executing prescribed bonds secured by a bank guarantee; the Nominated Agency must maintain records, effect deliveries, and notify customs of outstanding exports; customs must monitor stocks; failure to fulfil export obligations triggers recovery of duty, encashment of guarantees and further enforcement. Circulars Customs Tue, 08 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=977