PARA 4.4.8
NO CHANGE
PARA 4.4.8
Where export orders are placed on the nominated agencies/
status holder/ exporters of three years standing having an annual average
turnover of Rs. Five Crore during the preceding three licensing years, the
foreign buyer may supply to the nominated agencies/status holder/ exporter, in
advance and free of charge, gold/ silver/ platinum, alloys, findings and
mountings of gold/silver/platinum for manufacture and export. The exports may be
made by the nominated agencies directly or through their associates or by the
status holder/exporter as the case may be. The import and export of findings
shall be on net to net basis. The foreign buyer may also supply to the nominated
agencies/status holder/ exporter in advance and free of charge plain, semi
finished gold/silver/platinum jewellery including findings/ mountings/
components for repairs/re-make and export subject to minimum value addition of
10%. However, if the so imported semi finished gold/silver /platinum jewellery
is exported as studded jewellery, value addition of 15% shall be achieved. In
such cases of export, wastage of 2% may be permitted.
The procedures in
this regard shall be as prescribed in the Handbook (Vol.1)
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