CBEC circular denying the benefit of preferential custom duty to members of Bullion and Jewellers Association for gold imported from Indonesia quashed by Delhi HC

Delhi High Court has quashed a Circular issued by the Central Board of Excise and Customs which had stated that the gold jewellery imported by the members of the Bullion and Jewellers Association from Indonesia do not satisfy the original criteria and should be denied the benefit of preferential custom duty.Justices Dr. S. Muralidhar and Vibhu Bakhru quashing the circular, observed that it...