MANU/CUCR/0023/2018

Ministry : Ministry of Finance

Department/Board : CBEC Customs

Circular No. : 23/2018-Customs

Date : 23.07.2018

Notification/ Circulars Referred : Circular no. 27/2016-Customs dated 10.06.2016 MANU/CUCR/0028/2016;Circular No. 28/2009-Customs dated 14.10.2009 MANU/CUCR/0050/2009;Notification No. 57/2000-Customs dated 08.05.2000 MANU/CUST/0078/2000

Citing Reference:
Circular no. 27/2016-Customs dated 10.06.2016 MANU/CUCR/0028/2016  Referred

Circular No. 28/2009-Customs dated 14.10.2009 MANU/CUCR/0050/2009  Referred

Notification No. 57/2000-Customs dated 08.05.2000 MANU/CUST/0078/2000  Referred

To,

All Principal Chief Commissioners/ Chief Commissioners of Customs
All Principal Chief Commissioners (Prev.)/ Chief Commissioners of Customs (Prev.)

Procedure to be followed by nominated agencies importing gold/ silver/ platinum under the scheme for 'Export Against Supply by Nominated Agencies'-reg

Sir/ Madam,

Circular no. 27/2016-Customs dated 10.06.2016 was issued providing for a simplified procedure in view of non-applicability of warehousing provisions to duty free gold/ silver/ platinum obtained by the nominated agencies by virtue of an exemption notification issued in this regard. This procedure was prescribed after reviewing the procedure laid down for duty free import of gold/ silver/ platinum by nominated agencies for supply to exporters vide Circular No. 28/2009-Customs dated 14.10.2009 so as to avoid divergent practices and to streamline the supply of precious metals for exports.

2. Gems and Jewellery Export Promotion Council (GJEPC) has represented that problems are being faced in the field as one to one correlation between the gold procured duty free under Notification No. 57/2000-Customs dated 08.05.2000 and corresponding export of jewellery is being insisted upon by the Customs. GJEPC has represented that it was impossible to establish one to one correlation between such procurement and jewellery manufactured and exported........