CUS NTF NO. 76/1997 DATE 14/10/1997
EOUs/EPZ Jewellery Units - Futhur Relaxations
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 interest so to do, hereby directs that each of the notifications of the Government of Inida, 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.
TABLE
| S.No. | Notification No. and date | Amendment |
|---|
| 1. | 3/88-Cus dated the 14-01-1988 | (i) In condition (xi) for the second proviso, the following shall be substitued namely :-
"Provided further that the plain jewellery up to 10% of the value of export of the preceding year by the unit may be allowed clearance into the domestic tariff area by the Development Commissioner if the recipient furnishes a freely transferable special import licence for clerance of such items from EOU/EPZ and agrees to pay the applicable duties either from his EEFC account or from the EEFC account of the said EOU/EPZ unit in the free oreign 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 supply of unsuitable rough diamonds and precious stones upto 5% of value of imported or indiginously procurecd rough diamonds and precious stones of the holders of valid REP/Diamond Imprest Licence on payment of appropirate duty." |
| 2. | 277/90-Cus dated the 12-12-1990 | (i) In conditon (xii), for the second proviso, the following shall be substitued, namely:-
"Provided further that the plain jewellery up to 10% of the value of export of the preceding year, by the unit may be allowed clearance into the Domestic Tariff Area by the Development Commissioner if the recipient furnishes freely transferable Special Import Licence for clearance of such items from EOU/EPZ and agrees to pay the applicable duties from his EEFC account or from the EEFC 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.
(a) permit re-export of imported goods and export of domestically procured goods including goods generated out of partial process/manufacture from such goods;
(b) permit supply of unsuitable rough diamonds and precious stones upto 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 duly." |
| 3. | 177/94-Cus dated the 21-10-1994 | (i) In condition (7), for clause (ii) the following shall be substituted, namely :-
"(ii) permit re-export of imported goods and export of domestically procured goods, including goods generated out of partial processing/manufacture form such goods;
(iii) permit supply of unsuitable rough diamonds and precious stones upto 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 :-
"Provided also that plain jewellery upto 10% of the value of export of the preceding year, by the unit may be allowed clearance into the domestic tariff area by the Development Commissioner if the recipient furnishes a freely transferable Special Import Licence for Clearance of such items from EOU/EPZ and agrees to pay applicable duties either from his EEFC account or from the EEFC account of the said EOU/EPZ unit in free foreign exchange. |
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