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Notes


Import Licensing Notes


(1) DELETED.

(2) Import of the following types of copper scrap is permitted without a licence to units registered with Ministry of Environment and Forest, Government of India:

(i) Copper wire covered under ISRI code “Druid”;
(ii) Jelly filled copper cables.

(3) Copper and its products under Exim Code Nos. 7403.11, 7403.12, 7403.13, 7403.19, 7413.00 and 7408.11 may be imported into India from Sri Lanka under the ISFTA only through Nhavasheva, Chennai, Tuticorin, Cochin, ICD Tughlakabad (Dry Port), ICD Mulund (Dry Port), ICD Ludhiana (Dry Port) and ICDPithampur.(Inserted by DGFT Notification 08/10.11.2004)

Copper Reverts Export for Toll Smelting:

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (6) of section 3 and sub-section (1) of section 3A of the Customs Tariff Act, 1975 ( 51 of 1975), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 127/2000-Customs, dated the 5th October, 2000, published in the Gazette of India vide number G. S. R. 771 (E), dated the 5th October, 2000, except as respects things done or omitted to be done before such superesssion, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts gold and silver falling under Chapter 74 of the First Schedule to the said Customs Tarrif Act, and produced out of copper reverts slime, the said copper reverts, the said copper reversts having been exported out of India for toll smelting or toll processing, when imported into India,-(

(a) from so much of duty of customs leviable thereon which is specified in the said First Schedule,

(b) from so much of additional duty leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, and

(c) from so much of special additional duty leviable thereon under sub-section (1) of section 3A of the said Customs Tariff Act, as is in excess of the duties which would be leviable if the value of the said goods were equal to the aggregate of the toll smelting or toll processing costs, as the case may be, that is to say, -

(i) labour charges,

(ii) cost of material (other than the cost of the goods exported out of India) used in such toll smelting or toll processing, and

(iii) any other charges which are payable in connection with the toll smelting or toll processing abroad ; and

(2) the insurance and freight charges both ways, subject to the following conditions, namely :-

(i) the copper cathodes, wire bars or wire rods, as the case may be , are imported within one year of the date of export of copper reverts out of india; and

(ii) sufficient evidence is shown that the copper cathodes, wire bars ro wire rods, as the case may be, which are imported, have in fact been obtained out of toll smelting or toll processing of the copper reverts exported ot of India).
 

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