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  • Notf No 3-1-1986

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    The Central Government is exempting licensed dealers working in special Export Oriented complexes or units set up in Free Trade Zones for manufacturing gold jewelry from certain provisions of Sections 32 and 34 of the Gold (Control) Act, 1968. This exemption is given because the government feels it is necessary and in the public interest, and is subject to the condition that transactions are conducted within such complexes or Free Trade Zone units.

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    Central Excise Notification No.03/1986

    Original Title

    Notf.No.3-1-1986

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    The Central Government is exempting licensed dealers working in special Export Oriented complexes or units set up in Free Trade Zones for manufacturing gold jewelry from certain provisions of Sections 32 and 34 of the Gold (Control) Act, 1968. This exemption is given because the government feels it is necessary and in the public interest, and is subject to the condition that transactions are conducted within such complexes or Free Trade Zone units.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    1 views1 page

    Notf No 3-1-1986

    Uploaded by

    patelpratik1972
    The Central Government is exempting licensed dealers working in special Export Oriented complexes or units set up in Free Trade Zones for manufacturing gold jewelry from certain provisions of Sections 32 and 34 of the Gold (Control) Act, 1968. This exemption is given because the government feels it is necessary and in the public interest, and is subject to the condition that transactions are conducted within such complexes or Free Trade Zone units.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Exemption to licensed dealer from operation of certain provisions of Sections 32 and 34

    In exercise of the powers conferred by section 109 of the Gold (Control) Act, 1968 (45 of 1968), the Central
    Government, being of the opinion that it is necessary and expedient in the public interest so to do, hereby exempts
    every licensed dealer working in a special Export Oriented complex for the manufacture of gold jewellery as is
    referred to in Annexure IV to Appendix 22 of the Import & Export Policy (April 1985 - March 1988) or in a unit set up in
    a Free Trade Zone for manufacture of gold jewellery as is referred to in Annexure V to Appendix 22 of the Import &
    Export Policy (April 1985 - March 1988) from the operation of the provisions of section 32 and of the proviso to subsection (2) of section 54 of the said Act, subject to the condition that the relevant transactions are conducted within
    such a Special Export Oriented complex or unit in a Free Trade Zone.

    [Notification Gold Control No. 3/86, dated 4-7-1986]

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