Amendment of Notification No. 57/2000-Customs for Precious Metals

Seeks to amend notification No. 57/2000-Customs dated 8th May 2000, which provides concessional rate for gold, silver and platinum imported under specified schemes.

Government of India, through the Ministry of Finance’s Department of Revenue, issued Notification No. 33/2024-Customs on 23rd July 2024 to amend Notification No. 57/2000-Customs dated 8th May 2000. This amendment aims to revise the concessional rates for gold, silver, and platinum imported under specified schemes. Under the authority of Section 25(1) of the Customs Act, 1962, the Central Government has determined that it is necessary in the public interest to make these changes. The specific amendment involves reducing the rate in Column (4) of the table from “9.35%” to “4.35%” wherever it occurs for Sl. No. 1. This adjustment will be effective from 24th July 2024.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi

Notification No. 33/2024-Customs | Dated: 23^rd July, 2024

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, Ministry of Finance (Department of Revenue) No. 57/2000-Customs, dated the 8^th May, 2000, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 413 (E), dated the 8^th May, 2000, namely:-

In the said notification, in the TABLE, against Sl. No. 1, in Column (4), for “9.35%” wherever it occurs, “4.35%” shall be substituted.

2. This notification shall come into force on the 24^th day of July, 2024.

[F.No. 334/03/2024-TRU]

(Vikram Vijay Wanere)
Under Secretary

Note: The principal notification No. 57/2000-Customs, dated the 8^th May, 2000 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 413 (E), dated the 8^th May, 2000 and was last amended by notification No. 28/2023-Customs, dated 1^st April, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 263 (E), dated the 1^st April, 2023.