| Date: |
11-04-1997
|
| Notification No: |
Central Excise Notification No 20/1997
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| Issuing Authority: |
Central Excise
|
| Type: |
Tariff
|
| File No: |
|
| Subject: |
Effective rate of duty on Gold/ Silver Jewellery, Bromen stones or dead stock produced in EOU or EPZ and sold in India
|
Effective rate of duty on Gold/ Silver Jewellery, Bromen stones or dead
stock produced in <a href='http://www.eximguru.com/exim/eou/default.aspx'>EOU</a> or EPZ and sold in India
Notification No. 20 dated 11th
April 1997
(As amended by 7/98, 1/99, 38/99, 11/2000, 40/2000, 6/2001, Notification No. 35
dated 24th June 2002)
In
exercise of the powers conferred by sub-section (1) section 5A of the Central
Excise Act, 1944(1 of 1944), the Central Government, being satisfied that it is
necessary in the public interest so to do, hereby exempts the goods specified
in column (2) of the Table below, manufactured by a hundred percent export
oriented undertaking or a unit in an export processing zone and allowed to be
sold in India under and in accordance with the provisions of paragraphs 6.8 (c)
of Export and Import Policy, 1st April, 2002 � 31st March,
2007, from so much of the duty of excise leviable thereon under section 3 of
the said Central Excise Act, as is in excess of the amount calculated at the
rate specified in the corresponding entry in column (3) of the said Table.
|
S. No.
|
Description
|
Rate of duty
|
|
(1)
|
(2)
|
(3)
|
|
1.
|
Plain
gold jewellery
|
Rs.
250 per 10 grams
|
|
1A.
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Studded
gold jewellery
|
5%
|
|
2.
|
Plain
silver jewellery
|
Rs.
500 per kg.
|
|
3.� �
|
Omitted
|
Omitted
|
Explanation: For the purposes of the exemption,
�dead stock� means goods which have not been exported for two years after their
manufacture in the hundred percent export oriented undertaking or the unit in
the export processing Zone.
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