Notification No. 79/2018, Dated 05 December 2018

TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA (EXTRAORDINARY)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

Notification No. 79/2018-Customs

New Delhi, the 5th December, 2018

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. 52/2003-Customs, dated the 31st March, 2003, published in the Gazette of India, Extraordinary, vide number G.S.R. 274 (E), dated the 31st March, 2003, namely:-

In the said notification,-

(1) (a) in the opening paragraph,-

(i) in condition (4), in first proviso, for the words and figures ?Central Excise Rules, 2002? the words and figures ?the Central Excise Rules, 2017 or as a GST registrant under the Central Goods and Service Tax Act or the State Goods and Service Tax Act or the Union Territory Goods and Service Tax Act, 2017 and rules made thereunder? shall be substituted;

(ii) in condition (6),-

(A)in clause (ix), for the words and figures ?No. 62/2004-Cus., dated 12-5- 2014? the words and figures ?No. 50/2017-Customs dated 30-6-2017? shall be substituted.

(B) for clause (xv), the following shall be substituted, namely:-

“(xv) subject to the fulfillment of such conditions as he may specify, the maximum wastage or manufacturing loss of gold or platinum or silver during the manufacture of jewellery or articles thereof shall be as per paragraph 4.60 of the Handbook of Procedures.

Explanation.- For the purposes of this sub-condition

(a) the percentage of wastage shall be calculated with reference to the total quantity of gold or platinum or silver imported or issued for manufacture of the jewellery;

(b) no wastage shall be allowed for jewellery procured against exchange under provisions of the Foreign Trade Policy.? ;