Seeks to amend notification No.12/2012-Cus,dated 17.03.2012 to provide concessional rate of duty on Gold Findings and to extend the list of items under Sr. No.282
September, 15th 2012
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 51 / 2012 - Customs
New Delhi, the 13thSeptember, 2012
G.S.R..(E).− 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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17thMarch,2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),videnumber G.S.R 185 (E), dated the 17thMarch,2012, namely:-
In the said notification, in the Table, -
i.against S. No. 282, in column (3), after the entry (zb), the following entries shall be inserted namely: -
(ze)water soluble lining, poly pouch, high density sticker, heat transfer sticker;
(zf)angletson draw strings-hooded jacket;
(zg)bra cup, bust cup,mouldedcups for bra and metal underwire for bra;
(zh)hook and bar, extra button covers-plain, ribbons, waist bands, shooter pin, O Ring, thermo strips and metal clip;
(zi)pin bullets for packing, plastic tag bullets, metal tabs, bows, ring & slider and rings.
ii.for S. No. 323 and the entries relating thereto, the following shall be substituted, namely:-
Gold bars, other thantolabars, bearing manufacturers or refiners engraved serial number and weight expressed in metric units, gold coins having gold content not below 99.5% and gold findings, other than imports of such goods through post, courier or baggage
Explanation.- For the purposes of this entry, gold findings means a small component such as hook, clasp, clamp, pin,catch, screw back used to hold the whole or a part of a piece ofjewellery in place.
Under Secretary to the Government of India
Note.-The principal notification No. 12/2012-Customs, dated the 17thMarch, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),videnumber G.S.R 185 (E), dated the 17thMarch,2012and was last amended vide notification No. 49/2012-Customs dated, the 10thSeptember, 2012 publishedvidenumber G.S.R. 675(E) dated the 10thSeptember, 2012.