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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....gold imported by a 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 Fin....

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.... of the said Customs Tariff 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[Rs. 300 per 10 gms. 2. Gold in any form other than at S.No.1 above,  including tola bars and ornaments, but excluding....

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.... 2 above, and subject to further condition that such eligible passenger 4 files a declaration 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 notifica....