THE CUSTOMS TARIFF ACT 1975 (Notification)
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Body Notification No.57/2000-Customs, F. No. 305/13/2000-FTT, Dated 8 May,2000.

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962, (52 of 1962), and in super-session of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 144/93-Cus, dated the 28th June, 1993 [ G.S.R. 480(E) dated the 28th June, 1996] except as respects things done or omitted to be done before such super-session, the Central Government, being satisfied that it is necessary in the public interest so to do,hereby exempts silver, gold and platinum of the description specified in column (3) of the Table below falling under headings 71.06,71.08 and 71.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India under the scheme specified in column (2) of the said Table, from so much of the duty of customs leviable thereon under the said First Schedule as specified in the corresponding entry in column (4) of the said Table, and from the whole of the additional duty leviable thereon under sub-sections (1), (3) and (5) of section 3 of the said Customs Tariff Act:-

TABLE

Sl. No.	Scheme under Foreign Trade Policy	Description of goods	Amount of duty
(1)	(2)	(3)	(4)
1.	As replenishment under the Scheme for 'Export through Exhibitions/Export Promotion Tours/Export of Branded Jewellery' as referred to in Paragraph 4.45 of the Foreign Trade Policy, read with relevant provisions of Chapter 4 of the Handbook of Procedures.	(a) Gold	9.35 %
		(b) Silver	9.35 %
		(c) Platinum	Whole of the duty of customs leviable thereon, which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).
2.	Under the Scheme for 'Export Against Supply by Nominated Agencies' as referred to in Paragraph 4.40 of the Foreign Trade Policy, read with relevant provisions of Chapter 4 of the Hand Book of Procedures.	Gold, Silver, Platinum	Whole of the duty of customs leviable thereon, which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)";

Provided that in the case of import of gold/silver/platinum as replenishment under the scheme for 'Export through Exhibitions/ Export Promotion Tours/ Export of Branded Jewellery', the importer undertakes to fulfill the conditions of Foreign trade policy and relevant provisions of the Handbook of Procedures, Volume-1 and produces such documents as stipulated in the Foreign trade policy and the Handbook of Procedures, Volume-1 and produces such proof of exports made through exhibitions /export promotion tours etc, as may be required by the Assistant Commissioner of Customs or the Deputy Commissioner of Customs to satisfy himself with regard to eligibility of the importer for the duty free import of replenishment material:

Provided further that in the case of import of gold / silver / platinum under the scheme for 'Export Against Supply by Nominated Agencies', the importer executes a bond in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs, undertaking to export, either by itself or through other exporters, gold / silver / platinum jewellery or articles, as the case may be, including studded articles having gold / silver / platinum content equivalent to the imported gold / silver / platinum within a period of ninety days from the date of issue of gold / silver / platinum to the exporters, and binding himself to pay on demand duty on quantity of gold / silver / platinum representing the difference between the quantity issued and that contained in the exported jewellery or articles.

Provided also that for the cases where the last date of exports falls between the 1st February, 2020 and the 31st July, 2020, the last date of exports stands extended by six months.

Provided also that for the cases where the last date of exports falls between the 1st February, 2021 and the 30th June, 2021, the last date of exports stands extended by six months

Provided also that the importers and the exporters, who are receiving the supply from the importers for the intended purpose, shall follow the procedure, as applicable, in the Customs (import of Goods at Concessional Rate of Duty) Rules, 2017, as amended from time to time, with effect from the 1st October, 2022:

Provided also that the nominated agencies (except for those authorized by RBI) shall follow the procedure and fulfill the conditions as specified in the Policy Circular No. 39 (RE-2010)/2009-14, dated the 19th August, 2011, para 4.41 of the Foreign Trade Policy (2015-20) and para 4.94 of the Hand Book of Procedures (2015-20), as applicable and as amended from time to time, issued by Director General of Foreign Trade.

Explanation.- for the purpose of this notification,-

(a) 'Foreign Trade Policy' means Foreign Trade Policy, 2023 notified by the Government of India, Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub- section (ii) vide Notification No 1/2023, dated the 31st March, 2023.

(b) 'Handbook of Procedures' means Handbook of Procedures, 2023 notified by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-I, Section-I vide Public Notice No 01/2023, dated the 1st April, 2023

(1) Handicraft and Handloom Export Corporation (HHEC);

(2) MSTC Ltd;

(3) Diamond India Limited (DIL);

(4) any bank as authorised by Reserve Bank of India as Nominated Agency.

(RAJENDRA SINGH)

UNDER SECRETARY TO THE GOVERNMENT OF INDIA

(Amended by Notification No. 64/2002 dated 24/6/2002, 87/2004 dated 6/9/2004 and 84/2007 dated 6/7/2007, 106/2009 dated 14/9/2009, Not. 33/2015 - Dated 15-5-2015, Not.56/2016 - Dated 3-10-2016)