Effective rate of duty on gold imported by a passenger of Indian origin or a passenger holding a valid passport issued under the Passport Act, 1967 (15 of 1967)

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.... passenger of Indian origin or a passenger holding a valid passport issued under the Passport Act, 1967 (15 of 1967). Notification No. 31/03-Cus. Dated 1.3.2003 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the erstwhile Ministry of Finance (Department of Revenue)....

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....Act. Table S.No. Description of goods Rate 1 2 3 1. Gold bars, other than tola bars, bearing manufacturer's or refiner's engraved serial number and weight expressed in metric units, and gold coins 1[₹ 300 per 10 gms. 2. Gold in any form other than at S.No.1 above, including tola bars and ornaments, but excluding ornaments, studded with stones or pearls. ₹ 750 per 1....

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....claration in the prescribed form before the proper officer of customs at the time of his arrival in India declaring his intention to take delivery of the gold from such a customs bonded warehouse and pays the duty leviable thereon before his clearance from customs. Explanation.- For the purposes of this notification, "eligible passenger" means a passenger of Indian origin or a passenger....