GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 01 /2012-Customs
New Delhi, the 16th January, 2012
G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section
25 of the Customs Act, 1962 (52 of 1962), the Central Government, on 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 Ministry of Finance (Department of Revenue), No.
21/2002-Customs, dated the
1st March, 2002 which was published in the Gazette of India, Extraordinary, vide
G.S.R. 118(E) dated the 1st March, 2002, namely: -
In the said notification, in the Table,-
(i) for S. No. 187 and the entries relating thereto, the following shall be
substituted, namely:-
| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
| “187 |
71 |
Non-industrial diamonds including lab- grown diamonds (other than rough
diamonds) |
2% |
- |
-”; |
(ii) for S. No. 189 and the entries relating thereto, the following shall be
substituted, namely:-
| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
| “189 |
7110.11 or 7110 19 00 |
Platinum |
2% |
- |
-”; |
(iii) for S. No. 422 and the entries relating thereto, the following shall be
substituted, namely:-
| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
| “422 |
71 |
Diamonds including lab grown diamonds- semi-processed, half-cut or broken.
|
Nil |
- |
-”; |
(iv) againstS.No. 518A ,for the entry in column (5), the entry “1%” shall be
substituted.
(v) for S. No. 518B and the entries relating thereto, the following shall be
substituted, namely:-
| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
| “518 B |
71 |
Gold dore bar, having gold content not exceeding 95%.
|
Nil |
1% |
5 and 109 |
| 518 C |
71 |
Silver dore bar having silver content not exceeding 95%
|
Nil |
3% |
5 and 109” |
(vi) for Condition No. 109, the following shall be substituted, namely:-
| Condition No. |
Conditions |
| “109 |
If,-
(a) the goods are directly shipped from the country in which they were produced
and each bar has a weight of 5 kg. or above;
(b) the goods are imported in accordance with the packing list issued by the
mining company by whom they were produced;
(c) the importer produces before the Deputy Commissioner of Customs or the
Assistant Commissioner of Customs, as the case may be, an assay certificate
issued by the mining company or the laboratory attached to it, giving detailed
precious metal content in the dore bar;
(d) the gold dore bars are imported by the actual user for the purpose of
refining and manufacture of standard gold bars of purity 99.5% and above; and
(e) the silver dore bars are imported by the actual user for the purpose of
refining and manufacture of silver bars of purity 99.9% and above.” |
2. This notification shall come into force on the 17th day of January, 2012.
[F. No. 354/4/2012-TRU]
[Raj Kumar Digvijay]
Under Secretary to the Government of India
Note.- The principal
notification No. 21/2002-Customs, dated the 1st March, 2002
was published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i) vide number G.S.R. 118(E) dated the 1st March, 2002 and was last
amended vide
notification No-. 120/2011-Customs dated the 30th December, 2011
which was published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i) vide number G.S.R 924 (E) dated the 30th December 2011.