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This notification amends Notification No. 22/2022-Customs to enable gold imports by valid Tariff Rate Quota holders under the India UAE Comprehensive Economic Partnership Agreement. The importer uses an Importer Exporter Code from nominated agencies, qualified jewelers, or valid India UAE Tariff Rate Quota holders. Valid holders obtain physical delivery of their imports through International Financial Services Centres Authority registered vaults located in Special Economic Zones. The importer follows the procedure set out in the Customs Rules of 2022. These rules do not apply if the importer and the Tariff Rate Quota holder are the same entity.
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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. 66/2023-Customs
New Delhi, dated the $22^{\text{nd}}$ December, 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), 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, Ministry of Finance (Department of Revenue) No. 22/2022-Customs, dated the $30^{\text{th}}$ April, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 328 (E), dated the $30^{\text{th}}$ April, 2022, namely:-
In the said notification, in the Annexure, in the Table, for Condition No. 2 and the entries relating thereto, the following Condition No. and entries shall be substituted, namely: -
| "2 | (a) Importer-Exporter Code (IEC), mentioned in Tariff Rate Quota (TRQ) authorization specified in clause (b) of Condition No. 1, shall be Importer Exporter Code (IEC) of - |
| - (i) nominated agencies as notified by Reserve Bank of India (RBI) (in case of banks), | |
| - (ii) nominated agencies as notified by Directorate General of Foreign Trade (DGFT) (for other agencies), | |
| - (iii) qualified jewelers (as notified by International Financial Services Centres Authority (IFSCA)) through India International Bullion Exchange (IIBX), or | |
| - (iv) Valid India UAE TRQ Holders as notified by IFSCA through India International Bullion Exchange (IIBX) against the TRQ and can obtain physical delivery of their imports through IFSCA registered vaults located in SEZs as per guidelines prescribed by the IFSCA. | |
| (b) 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 that Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 shall not be applicable if the importer and the TRQ Holder are the same entity.". |
[F.No. CBIC-190354/104/2023-TO(TRU-I)-CBEC]
(Rajeev Ranjan)
Under Secretary
Note: - The principal notification No. 22/2022-Customs, dated the $30^{\text{th}}$ April, 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 328 (E), dated the $30^{\text{th}}$ April, 2022 and was last amended, vide notification No. 63/2023-Customs, dated the $30^{\text{th}}$ November, 2023 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 872 (E), dated the $30^{\text{th}}$ November, 2023.
