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Tuesday, January 29, 2013

Gold – Customs Duty Enhanced

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Notification No. 1/2013-Customs – Dated- 21st January, 2013
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, 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. 12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E) dated the 17th March, 2012, namely: -
In the said notification, in the Table,-
(i) against S. No. 116, for the entry in column (5), the entry “4%” shall be substituted;
(ii) against S. No. 318, for the entry in column (5), the entry “4%” shall be substituted;
(iii) in S. No. 321, against item (i), for the entry in column (4), the entry “6%” shall be substituted;
(iv) against S. No. 323, for the entry in column (4), the entry “6%” shall be substituted;
(v) against S. No. 328, for the entry in column (4), the entry “6%” shall be substituted;

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