The Idea Behind the Blog

The blog was created with an intention for me to study my job well. The best way to study something is to teach. As an audience was lacking and I really needed to get things done, I have taken this route. If any third party, officer or assessee is using the information herein, I advice that that they cross check with the Official Website to confirm the validity of the same.

This is in no way an official blog of the Central Excise or GST. This is a personal blog and should be treated as such.

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Export Against Supply by Nominated Agencies importing gold/silver/platinum

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Procedure to be followed by nominated agencies importing gold/silver/platinum under the scheme for ‘Export Against Supply by Nominated Agencies’ Ref: Circular No. 27/2016-Customs dated 10th June 2016 Rescinded Circulars: 28/2009-Cus dated 14.10.2009, Circular 34/2013-Customs, Policy Circular no. 39 (RE-2010)/ 2009-14 dated 19.08.2011, Policy Circular No. 77 (RE-2008)/2004-09 dated 31.03.2009,  Note: Consignments of Gold / Silver / Platinum imported under notification no. 57/2000-Cus. do not require to be warehoused. In the meantime, any dutiable precious metals already imported or to be imported (i.e. without availing notification no. 57/2000-Cus. or any other exemption notification by virtue of which no duty is chargeable) can continue to be stored in the existing vaults licensed under erstwhile Section 58.  Conditions (Customs Side): Nominated Agencies shall execute a bond to the Deputy/Assistant Commissioner of Customs binding themselves to, - a)   m...
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