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[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. 03/2023-Customs
New Delhi, the 1
st February, 2023
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) read with section 124 of the Finance Act, 2021 (13 of 2021), the
Central Government, on 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. 11/2021-Customs, dated the 1st February, 2021,
published in the Gazette of India, Extraordinary, Part II, Section 3,Sub-section (i), vide number
G.S.R. 69(E), dated the 1st February, 2021, namely :-
In the said notification, in the TABLE
(1) against Sl. No. 10, in column (4), the entry “Nil” shall be substituted;
(2) after Sl. No. 13 and the entries relating thereto, the following Sl. No. and entries
shall be inserted, namely: -
(1)
(2)
(3)
(4)
“13A.
4011 30 00
All goods covered under S. No.
280A of the of the Table in
Notification
No.
50/2017-
Customs dated the 30th June,
2017, published in the Gazette
of India vide number G.S.R.
785(E) dated the 30th June,
2017
0.5%”;
(3) Sl. No. 15 and the entries relating thereto, shall be omitted;
(4) against Sl. No. 15A, in column (4), for the entry “1.5%”, the entry “5.4%” shall be
substituted;
(5) after Sl. No. 15A and the entries relating thereto, the following Sl. Nos. and entries
shall be inserted, namely: -
(1)
(2)
(3)
(4)
“15B.
71
The following goods, namely: -
(a) Silver dore bar, having silver
content not exceeding 95%
(b) Gold dore bar, having gold
content not exceeding 95%
4.35%
Provided that the importer follows
the procedure set out in the Customs
(Import of Goods at Concessional
Rate of Duty or for Specified End
Use) Rules, 2022:
Provided further that
(a) the goods are directly shipped
from the country in which they
were produced and each bar has
a weight of 5 kg. or above;
(b) the goods are imported in
accordance with the packing list
issued by the mining company
by whom they were produced;
(c) the importer produces before the
Deputy
Commissioner
of
Customs
or
the
Assistant
Commissioner of Customs, as
the case may be, an assay
certificate issued by the mining
company or the laboratory
attached to it, giving detailed
precious metal content in the
dore bar;
(d) the gold dore bars are imported
by the actual user for the
purpose
of
refining
and
manufacture of standard gold
bars of purity 99.5% and above;
and
(e) the silver dore bars are imported
by the actual user for the
purpose
of
refining
and
manufacture of silver bars of
purity 99.9% and above.
15C.
71(except 7106,
7108)
All goods covered under S. Nos.356
and 357 of the notification No.
50/2017-Customs, dated the 30th
June, 2017, published in the Gazette
of India vide number G.S.R. 785(E),
dated the 30th June, 2017.
2.5%
15D.
7106, 7108, 98
The following goods (other than
those mentioned at Sl. Nos. 15B and
15C), namely: -
(a) Silver
(b) Gold
5%”;
(6) Sl. No. 16 and the entries relating thereto shall be omitted;
(7) after Sl. No. 16 and the entries relating thereto, the following Sl. No. and entries
shall be inserted, namely: -
(1)
(2)
(3)
(4)
“16A.
8802 20 00,
8802 30 00,
8802 40 00
All goods covered under S. No.
543A of the Table in Notification
No. 50/2017-Customs dated the
30th June, 2017, published in the
Gazette of India vide no G.S.R.
785(E) dated the 30th June, 2017.
0.5%”;
(8) against Sl. No. 17, in column (3), for the figure “16”, the figure “16A” shall be
substituted.
2.
This notification shall come into effect on the 2nd day of February, 2023.
[F. No. 334/03/2023-TRU]
(Vikram Vijay Wanere)
Under Secretary to the Government of India
Note: - The principal notification No. 11/2021-Customs, dated the 1stFebruary, 2021 was published
in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i), vide number G.S.R. 69(E),
dated the 1stFebruary, 2021 and last amended vide notification No. 60/2022-Customs, dated the
18th November, 2022 published in the Gazette of India, Extraordinary, Part II, section 3, sub-
section (i), vide number G.S.R. 829(E), dated the 18th November, 2022.
