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NOTIFICATION NO. 44/2018, DT. 30/11/2018

Amendment in Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20.

 

S.O.(E): In exercise of powers conferred by Section 5 of FT(D&R) Act, 1992, read with paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Central Government hereby makes following amendment in Para 4.32(i) of Chapter 4 of Foreign Trade Policy 2015-20.

2. Existing Para 4.32(i) of FTP 2015-20:-

“Gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded, containing gold of 8 carats and above up to maximum limit of 22 carats.

The Findings like posts, push hacks, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats.”

The amended Para 4.32 (i) of FTP 2015-20:-

“Gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded, containing gold of 8 carats and above up to maximum limit of 22 carats.

Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats) subject to the following conditions:

i) Exports would be subject to 100% examination by the Approved Government Valuer.

ii) Foreign remittance has to be realised within a period of 3 months from the date of export.

iii) Exporters must submit confirmed export order before effecting export.

iv) Distinction must be made between a religious idol and simply moulded gold article/idol.

v) Exports may be allowed only by actual manufacturers of such idols.

The Findings like posts, push hacks, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats.”

3. Effect of this Notification: Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20 is amended to allow export of Gold idols (only gods and goddess) of 8 carats and above (upto 24 carats) from domestic tariff area.
 

[Alok Vardhan Chaturvedi]

Director General of Foreign Trade &
Ex-officio Additional Secretary to Government of India
Email: dgft@nic.in

(Issued from File No.01/94/180/236/AM19/PC-4)
 

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