Amendment in Notification no.131/2016-Customs dated 31.10.2016 relating to AIRs of duty drawback on Gold jewellery,Silver jewellery and Silver articles.

posted by: corporate

The Government of India,Ministry of Finance,Department of Revenue has issued a Notification no. 79/2017 dated 17th August,2017 regarding Amendment in Notification no.131/2016-Customs dated 31.10.2016 relating to AIRs of duty drawback on Gold jewellery,Silver jewellery 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) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), 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. 131/2016 – Customs (N.T.),dated the 31st October, 2016, published vide number G.S.R. 1018 (E), dated the 31st October, 2016,namely:-

In the said notification, in the Schedule, in Chapter – 71,

(A) against tariff item 711301,-

(i) in the entry in column (4), for the figures, “261.5”, the figures, “246.5” shall be substituted;

(ii) in the entry in column (6), for the figures, “261.5”, the figures, “246.5” shall be substituted;

(B) against tariff item 711302,-

(i) in the entry in column (4), for the figures, “3733.3”, the figures, “3513.8” shall be substituted;

(ii) in the entry in column (6), for the figures, “3733.3”, the figures, “3513.8” shall be substituted;

(C) against tariff item 711401,-

(i) in the entry in column (4), for the figures, “3733.3”, the figures, “3513.8” shall be substituted;

(ii) in the entry in column (6), for the figures, “3733.3”, the figures, “3513.8” shall be substituted.

2. This notification shall come into force from the date of its publication.