Silver Jewellery Articles and Parts Drawback Slashed to Rs. 1795.5/kg from Rs. 2590.80/kg of Net .999 Purity

[Customs Notification No. 71 (Non Tariff) dated 10^th July 2013]

In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962), sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), and section 93A and sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), read with rules 3 and 4 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, the Central Government hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.92/2012- Customs(N.T.), dated the 4th October, 2012 published vide number G.S.R. 742 (E), dated the 4^th October, 2012, namely:-

In the said notification, in the Schedule, in Chapter 71, for tariff item 711302 and entries relating thereto, the following tariff item and entries shall be substituted, namely :-

“711302

Articles of jewellery and parts thereof, made of silver

Kg

` 1795.5 per kg of net silver content (.999 purity) in the jewellery

` 1795.5 per kg of net silver content (.999 purity) in the jewellery”.

[F. No. 609/19/2013-DBK]