Seeks to amend notification No. 09/2012-Customs dated 09.03.2012, providing for extension of last date of re-import by three months, for those cases where the last date of such re-import falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic.
In view of COVID-19 pandemic situation, the Government today extended relief to gems and jewellery sector by relaxing the requirement of re-import of cut and polished diamonds, which have been sent abroad for certification and grading, by three months.
CBIC said that this extended time period would be available to exporters to bring back cut and polished diamonds after due certification and grading by specified laboratories abroad. This extension shall apply to all cut and polished diamonds that should have been re-imported between 1st Feb. 2020 to 31st July 2020 but which could not be brought back due to disruption on account of COVID-19 pandemic situation.
CBIC said that this relief was announced by suitably amending the Notification No. 09/2012-Customs dated 9th March 2012. The re-import in the extended period would be without payment of Basic Customs Duty (BCD) and IGST. This facility is available to exporters with average annual export turnover of Rs. 5 crore for the last three years.
It may be noted that this relief is given to those exporters whose graded cut and polished diamonds were stuck abroad as the period of three months, ordinarily allowed for re-import had expired due to pandemic. A number of such consignments were also awaiting clearance with Customs.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
New Delhi, the 10th July, 2020
G.S.R. 439(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. 9/2012- Customs, dated the 9th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 129 (E), dated the 9th March, 2012, namely:-
2. In the said notification, in condition no. (iii), the following proviso shall be inserted, namely:-
“Provided that for the cases where the last date of re -import falls between the 1st February, 2020 and the 31st July, 2020, the last date stands extended by three months;”.
(F. No. DGEP/EOU/08/2020)
Gopal Krishna Jha, Director, Drawback
The principal Notification No. 09/20 12 –Customs, dated the 9th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. 129(E), dated the 9thMarch, 2012 and was last amended by notification No. 60/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. 738(E), dated the 30th June, 2017.