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Amendments in Customs Notification No. 21 dated 1st March 2002
Customs
Notification No. 136 dated 9th December 2002
In
exercise of the powers conferred by sub-section (1) of the 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 makes the following further
amendments in the notification of the Government of India in the erstwhile
Ministry of Finance (Department of Revenue), No. 21/ 2002-Customs dated the 1st
March, 2002, namely: -
In
the said notification, -
(1)
In the Table, after S. No. 212 A and the entries relating thereto, the
following S. No. and the entries shall be inserted, namely:-
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(1)
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(2)
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(3)
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(4)
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(5)
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(6)
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�212B.
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79
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Zinc
metal recovered by toll smelting or toll processing from zinc concentrates
exported from India for such processes
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25%
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-
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28B�;
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(2)
In the Annexure, after Condition No.28 A
and the entries relating thereto, the following Condition No. and the entries
shall be inserted, namely: -
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Condition
No.
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Conditions
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�28B.
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If
-
(i)
zinc metal is imported within one year of the date of export of zinc
concentrate out of India; and
(ii)
sufficient evidence exists to establish that the zinc metal, which is
imported has in fact been obtained out of toll smelting or toll processing
of zinc concentrate exported out of India.
Explanation:On the imports referred to in condition (1) above, the duty shall be
leviable as if the value of the said metal were equal to the aggregate
of -
(i)
the toll smelting or toll processing costs, as the case may be, that is
to say, -
(a)
labour charges;
(b)
cost of materials (other than the cost of goods exported out of India)
used in such toll smelting or toll processing; and
(c)
any other charges which are payable in connection with the toll smelting
or toll processing abroad; and
(ii)
the insurance and freight charges, both ways.�
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