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Notification New Delhi, the 1
st
March, 2011
No.24/2011-Customs

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 exempts copper concentrates falling under the tariff item
2603 00 00 of the First Schedule to the Customs Tariff Act, 1975(51 of 1975), when imported
into India, from so much of the duty of customs as is equivalent to the duty of customs leviable
on the value of gold and silver contained in such copper concentrate, subject to the condition
that the importer produces to the Assistant Commissioner of Customs or Deputy Commissioner
of Customs, as the case may be, an assay certificate from the mining company specifying
separately, the value of gold and silver content in such copper concentrate.

Illustration.- If the total value of copper concentrate is ` 100 and value of gold and silver
in that copper concentrate is ` 40, basic customs duty shall be computed on the value of ` 60
only. However, the total value of ` 100 shall be taken into account, for the purposes of levy of
additional duties of customs leviable under section 3 of the Customs Tariff Act, 1975.
notifications no 24 2011 customs | iKargos