CUS NTF NO. 28/1999 (NT) DATE 28/04/1999

Courier Imports and Exports
In exercise of powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations to amend the Courier Imports and Exports (Clearance) Regulation, 1998, namely:-

1.(i) These regulation may be called the Courier Imports and Exports (Clearance) Amendment Regulations, 1999.

(ii) They shall come into force on the date of their publication in the Official gazette.

2. In the Courier Imports and Exports (Clearance) Regulations, 1998 in regulations 2, after sub-regulation (2) the following sub-regulation shall be inserted, namely :-

3. Notwithstanding any thing contained in sub-regulation (2) these regulations shall apply to import of gems and jewellery including samples thereof by Export Oriented Unit or units in Export Processing Zones and export of cut and polished diamond, gems and jewellery under any scheme of export and import policy 1st April 1997-31st March 2002 published by the government of India under Ministry of Commerce notification No. 1/1997-2002, dated the 31st March, 1997 as amended from time to time from Export Oriented Units, units in Export Processing Zones or units in the Domestic Tariff Area if the value of each export consignment under such export does not exceed rupees twenty lacs".

Sd/-
(Rajendra Singh)
Under Secretary to the Government of India

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