| Date: |
04-11-1997
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| Notification No: |
DGFT Notification No 22/1997
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| File No: |
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| Subject: |
Gold & Silver Import under SIL - Concessional Duty
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Gold & Silver Import under SIL - Concessional Duty
Notification
No. 22 dated 4th November 1997
In
exercise of the powers conferred by section 5 of the Foreign Trade (Development
and Regulation) Act, 1992 (No.22 of 1992) read with Paragraph 1.3 of Export and
Import Policy, 1997-2002, the Central Government hereby makes the following
amendments in the Export and Import Policy, 1997-2002, published on 31st March
1997 and as amended from time to time.
Paragraph 11.13 of the Export and Import Policy, 1997-2002 shall be
amended to read as under:
"11.13 The Special Import Licences shall be freely transferable and
shall be valid for import of items as given in the book titled "ITC (HS)
Classifications of Export and Import Items". The Imports under Special
Import Licence shall be subject to normal customs duties. Import of gold and
silver, however, will be allowed at such concessional rate of customs duty as
may be specified by the Deptt. of Revenue."
2.
This issues in public interest.
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