Notification No. 41/1999-Cus Dated 28-04-1999
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, hereby exempts the goods as specified in the Annexure-I and Annexure-II to this notification, upto one per cent of the Free On Board (FOB) value of preceding financial year of the export of Gems and Jewellery or cut and polished diamonds, as the case may be, when imported into India against the Replenishment Licence referred to in para 8.88 of the Hand Book of Procedures Vol. I, 1st April, 1997 - 31st March, 2002, published vide notification of the Government of India, Ministry of Commerce, No. 1/97, dated the 31st March, 1997 as amended from time to time, from -
(i) the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975);
(ii) the whole of the additional duty and special additional duty leviable thereon under section 3 and section 3A respectively of the said Customs Tariff Act;
Provided that the goods imported under this notification are used for the manufacture of Gems and Jewellery or the cut and polished diamonds, as the case may be, for export by the holders of the said Replenishment Licenses.
ANNEXURE-I
| Sl. No. | Description of goods for exporters of Gems and Jewellery |
| 1. | Special Industrial Adhesives or Gums |
| 2. | Master Alloys (used in gold jewellery for mixing in gold) |
| 3. | Gravar, files and rotary burs or files |
| 4. | Investment powder |
| 5. | Rhodium and plating salts |
| 6. | Waxes. |
ANNEXURE-II
| Sl. No. | Description of goods for exporters of cut and polished Diamonds |
| 1. | Special Industrial Adhesives |
| 2. | Gums and Solution |
| 3. | Synthetic Diamond Powders |
| 4. | Diamond Scaifes |
| 5. | Collets for E.G.S. Sticks (5.5 mm) BS/001/009 |
| 6. | Dovetail HSS Grief for Top |
| 7. | Spare Box for bottom and Top Tang |
| 8. | Spare for all types of dops. |
2. The notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 79/96-Customs, dated the 8th October, 1996 [G.S.R. 456 (E), dated the 8th October, 1996], is hereby rescinded.
EXPLANATORY MEMORANDUM
Notification No. 41/99-Cus, dated the 28-4-1999, seeks to provide for duty free import of consumables for manufacture of Gem & Jewellery or cut & polished diamonds to the importers operating under the Replenishment Licence Scheme as provided in the EXIM Policy 1997-2002, read with, Hand Book of Procedures 1997-2002. The subject notification has been issued to align with the provision of the EXIM Policy & Handbook of Procedures revised upto 31st March, 1999.
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