Exemption to consumables for manufacture of Gem & Jewellery or cut & polished diamonds to holders of Replenishment and Licence and gold and silver imported under specified schemes - Seeks to amend Notifications of G&J and EOU schemes-reg, 2023

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....s of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table, namely:- TABLE Serial Number Notification number and date Amendments (1) (2) (3) 1. 41/99 - Customs dated 28.04.1999 [G.S.R. 289 (E), dated the 28th April, 1999] In the said Notification, for the words, letters, and figures "Replenishment Authorisation referred to in para 4.36 of the Foreign Trade Policy, 2015 - 2020 notified by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extrao....

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....raordinary, Part- I, Section-I vide Public Notice No 1/2023, dated the 1st April, 2023" 3. 56/2000- Customs, dated the 5th May, 2000 [G.S.R. 399 (E), dated the 5th May, 2000] In the said Notification, (1) in the opening paragraph, for the words, and figures "paragraph 4.45" the words, and figures "paragraph 4.44" shall be substituted; (2) in the Explanation, - i. for clause (a), the following clause shall be substituted, namely: - "(a) 'Foreign Trade Policy' means Foreign Trade Policy, 2023 notified by the Government of India, Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub- section (ii) vide Notification No 01/2023, dated the 31st March, 2023.";....

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....d, namely: - "(c) 'Nominated agencies' means, - (1) Handicraft and Handloom Export Corporation (HHEC); (2) MSTC Ltd; (3) Diamond India Limited (DIL); (4) any bank as authorised by Reserve Bank of India as Nominated Agency". 5. 60/2002-Customs, dated the 7th June, 2002 [G.S.R. 416 (E), dated the 7^th June, 2002] In the said Notification, - (1) in clause (ii), for the figures "4.35", the figures "4.34" shall be substituted; (2) for the Explanation, the following shall be substituted, namely: - "Explanation. - 'Foreign Trade Policy' means Foreign Trade Policy, 2023 notified by the Government of India, Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Su....

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....dia in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide Notification No 1/2023 dated the 31st March, 2023"; b. for clause (vi), the following clause shall be substituted, namely: - "(vi) 'Handbook of Procedures' means Handbook of Procedures notified by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-I, Section 1 vide Public Notice No. 1/2023, dated the 1^st April, 2023"; c. for clause (viii), the following clause shall be substituted, namely: - "(viii) 'Nominated agencies' means, - (5) Handicraft and Handloom Export Corporation (HHEC); (6) MSTC Ltd; (7) Diamond Indi....

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..... 568 (E), dated the 21st July, 2015] In the Notification, - (1) in condition (i), for the figures "4.75, the figures "4.74" shall be substituted; (2) in the Explanation, - a. for clause (a), the following clause shall be substituted, namely: - "(a) 'Foreign Trade Policy' means Foreign Trade Policy, 2023 notified by the Government of India, Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub- section (ii) vide Notification No 1/2023, dated the 31st March, 2023.; b. for clause (b), the following clause shall be substituted, namely: - "(b) 'Handbook of Procedures' means Handbook of Procedures, 2023 notified by the Government of India in the Ministry of Commerce ....