CUS NTF NO. 90/2016 (NT) DATE 24/06/2016
Seeks to revise All Industry Rates of drawback for gold and silver jewelry and silver articles.
G.S.R. (E). – 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 read with 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.110/2015-Customs (N.T.), dated the 16th November, 2015, published vide number G.S.R. 861 (E), dated the 16th November, 2015, namely:-
In the said notification,-
(a) in the Notes and conditions, after paragraph (24), the following paragraph shall be inserted, namely :-
"(24A) Notwithstanding anything contained in paragraph (7) above, the drawback rate specified in the said Schedule against tariff items 711301, 711302 and 711401 shall not be applicable to goods manufactured or exported availing CENVAT facility for any of the inputs or input services used in their manufacture or availing the rebate of duty paid on materials used in their manufacture or processing in terms of rule 18 of the Central Excise Rules, 2002 or manufactured or exported in terms of sub-rule (2) of rule 19 of the said Central Excise Rules, and the exporter claiming the drawback rate against said tariff items shall make appropriate declaration at the time of export.";
(b) in the Schedule, in Chapter-71,-
(i) under heading 7113, for tariff items and the entries relating thereto, the following tariff items and entries shall be substituted, namely :-
|
"711301 |
Articles of jewellery and parts thereof, made of gold |
Gms |
₹ 252.30 per gram of net gold content (.995 or more purity) in the jewellery |
|
₹ 252.30 per gram of net gold content (.995 or more purity) in the jewellery |
|
|
711302 |
Articles of jewellery and parts thereof, made of silver |
Kg |
₹ 3285.40 per kg of net silver content (.999 purity) in the jewellery |
|
₹ 3285.40 per kg of net silver content (.999 purity) in the jewellery |
|
|
711399 |
Others |
|
Nil |
|
Nil "; |
|
(ii) under heading 7114, for tariff items and the entries relating thereto, the following tariff items and entries shall be substituted, namely :-
|
"711401 |
Articles made of silver |
Kg |
₹ 3285.40 per kg of net silver content (.999 purity) in the article |
|
₹ 3285.40 per kg of net silver content (.999 purity) in the article |
|
|
711499 |
Others |
|
Nil |
|
Nil ". |
|
[F. No. 609/35/2016-DBK]
(Dharmvir Sharma)
Under Secretary to the Government of India
Note: The principal notification No. 110/2015-Customs (N.T.), dated the 16th November, 2015 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 861(E), dated the 16th November 2015 and was last amended vide notification No. 22/2016-Customs (N.T.), dated the 8th February, 2016 vide number G.S.R. 155(E), dated the 8th February, 2016.
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