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Customs - Notifications (Tariff)12.05.2004

Exempts specified goods falling within Chapter 71 when imported into India, other than through post, courier or baggage, from so much of the duty of customs specified.

Document Text

12th May, 2004 Notification No. 62/2004 - Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 80/1997- CUSTOMS, dated the 21st October, 1997, published in the Gazette of India, Extraordinary vide, G.S.R. No.610(E), dated the 21st October, 1997, hereby exempts goods of the description specified in column (2) of the Table hereto annexed and falling within Chapter 71 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, other than through post, courier or baggage, from so much of the duty of customs leviable thereon which is specified in the said First Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3) of the said Table and from the whole of the additional duty of customs leviable thereon under section 3 of the said Customs Tariff Act. Table S.No. Description of goods (1) (2) Rate (3) 1. 2. Gold bars, other tola bars, bearing than M an u factu rer’s o r refin er’s en g raved serial n u m ber and weight expressed in metric units, and old coins Rs. 100 10 per gms. Gold in any form (other than those specified, against S.No.1, in this column), including liquid gold and tola bars Rs. 250 per 10 gms. 3. Silver in any form Rs. 500 per kg. Explanation. - For the purposes of this notification, the expression ‘G o ld in an y fo rm ’ o r ‘S ilver in an y fo rm ’ sh all in clu d e m ed allio n s an d coins, but shall not include jewellery made of gold or silver, as the case may be, and foreign currency coins. V. Kezo Under Secretary to the Government of India F.No.528/18/04-CUS (TU)

Source: Government of India — Customs - Notifications (Tariff), dated 12.05.2004. Text is machine-extracted for reference; the officially published version prevails. Not legal advice.

HS Codes Referenced

1962197519972004

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