Single Revolving Bank Guarantee for Different Transactions for Import of Silver or Gold or Platinum- reg.

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....s of Customs/Central Excise, All Commissioners of Customs/ Central Excise. Madam/ Sir, Sub: Single Revolving Bank Guarantee for Different Transactions for Import of Silver or Gold or Platinum- reg. Representations have been received from the Gem & Jewellery sector to allow their exporters to execute revolving Bank Guarantee to be used for import of gold/ silver/ platinum, alloys, findings and ....

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....ct, and from the whole of the additional duty leviable under section 3 of the said Tariff Act, subject to the conditions specified in the said notification. Duty free import is allowed for manufacturing and export of gold/silver/platinum jewellery or articles as laid down in the said notification subject to furnishing a Bond of an appropriate amount and Bank Guarantee for a sum equivalent to one a....