https://www.taxtmi.com/circulars?id=7721 Nominated agencies may import precious metal duty free for warehousing in licensed bonded vaults, subject to furnishing a bond (general or revolving) and, except where exempted, a bank guarantee tied to estimated monthly duty. Agencies must keep export designated stocks segregated, maintain exporter wise day to day accounts, submit consolidated monthly statements of releases and duty at the effective rate, and obtain exporter proof of export (shipping bill EP copy and bank realisation certificate). If proof is not produced within the prescribed period, the agency must deposit duty on unexported metal within seven days and report defaults to the Commissioner. en-us Wed, 14 Oct 2009 00:00:00 +0530 Wed, 14 Oct 2009 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7721 Nominated agencies may import precious metal duty free for warehousing in licensed bonded vaults, subject to furnishing a bond (general or revolving) and, except where exempted, a bank guarantee tied to estimated monthly duty. Agencies must keep export designated stocks segregated, maintain exporter wise day to day accounts, submit consolidated monthly statements of releases and duty at the effective rate, and obtain exporter proof of export (shipping bill EP copy and bank realisation certificate). If proof is not produced within the prescribed period, the agency must deposit duty on unexported metal within seven days and report defaults to the Commissioner. Circulars Customs Wed, 14 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7721