Gold and Silver Jewellery Articles Export - IGCR Rules will Apply w.e.f. 1 Oct. 2022

[Notification No. 47/2022-Customs dated 7 September 2022]

Seeks to amend notification No. 56/2000-Customs, dated the 5th May, 2000 to apply IGCR Rules with effect from 01.10.2022

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, Ministry of Finance (Department of Revenue) No. 56/2000-Customs,dated the 5th May, 2000, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 399 (E), dated the 5th May, 2000, namely:-

In the said notification, after the second proviso, the following proviso shall be inserted, namely: -

“Provided also that the importers and the exporters, who are receiving the supply from the importers for the intended purpose, shall follow the procedure, as applicable, in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, as amended from time to time, with effect from the 1st October, 2022:”.

[F.No. CBIC-190354/127/2022-TO(TRU-I)-CBEC]