The CBIC vide Notification No. 17/2021-Customs, dated February 17, 2021 amended the Notification No. 57/2000-Customs, dated May 8, 2000 that exempts gold, silver and platinum imported under specified schemes so as to align it with Notification No. 50/2017-Custom dated June 20, 2017 (as amended vide Notification No. 2/2021-Customs dated February 1, 2021 w.e.f. February 2, 2021) in a following manner:
|
Sl. No. |
Scheme under Foreign Trade Policy |
Description of goods |
Amount of duty earlier |
Amended amount of duty |
|
1. |
As replenishment under the Scheme for ‘Export through Exhibitions/Export Promotion Tours/Export of Branded Jewellery’ as referred to in Paragraph 4.46 of the Foreign Trade Policy, read with relevant provisions of Chapter 4 of the Handbook of Procedures. |
(a) Gold |
11.85% |
6.9% |
|
(b) Silver |
11.00% |
6.1% |
The Notification can be accessed at: https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs17-2021.pdf;jsessionid=B03F14ED46B66368961FCC992695F51F