Gem and Jewellery - Imports of special items for export - Amendment to Notification Nos. 3/88-Cus, 277/90-Cus., and 177/94-Cus.

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..../97-Cus. Dated 14-10-1997 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interst so to do, hereby directs that each of the notifications of the Government of India, in the Ministry of Finance (Department of Revenue) specified in coloum (2) of the Table hereto....

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....id EOU/EPZ unit in free foreign exchange."     (ii) In condition (xvii) for the clause (b), the following shall be substituted, namely :-       "(b) permit re-export of imported goods and export of domestically procured goods including goods generated out of the partial processing/manufacture from such goods,       (c) permit....

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....C account of the said EOU/EPZ unit in free foreign exchange."     (ii) After condition (xv) the following shall be inserted namely :-       "(xvi) the Assistant Commissioner of Customs may subject to such conditions and limitations as may be imposed by him and subject to provisions of the Export and Import Policy 1 April, 1997 - 31 March, 2002 - &nb....

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....       (iii) Permit supply of unsuitable rough diamonds and precious stones up to 5% of value of imported or indigenously procured rough diamonds and precious stones to the holders of valid REP/Diamond Imprest Licence, on payment of appropriate duty."     (ii) In condition (8) for the third proviso, the following shall be substituted namely :-  ....