4.71.2

(a) The exports under this scheme shall be subject to the following conditions for the following modes of export:

(i) Export of Gems and Jewellery for holding/ participating in overseas exhibition.

The exports under this scheme shall be subject to the following conditions:

Items not sold abroad shall be re-imported within 60 days of the close of the exhibition. However in case the exporter is participating in more than one exhibition within 45 days of close of the first exhibition, then the 60 days shall be counted from the date of close of the last exhibition. In case of personal carriage of gems and jewellery for holding /participating in overseas exhibitions, the value of such gems and jewellery shall not exceed US $ 2 million.

The gold/silver/ platinum content on items sold in such exhibitions may be imported as replenishment. The exporter shall take replenishment from the nominated agency within 120 days from the close of the exhibition gold/silver/platinum for the purpose of replenishment content against the items sold abroad in exhibition.

(ii) Personal Carriage of gems & jewellery for Export Promotion Tools.

Personal carriage of gold/silver/ platinum jewellery, cut and polished diamonds, precious, semi-precious stones, beads and articles as samples upto US$ 100,000 for export promotion tours and temporary display/sale abroad is also permitted with the approval of Gem & Jewellery Export Promotion Council subject to the condition that the promoter would bring back the jewellery / goods or repatriate the sale proceeds within 45 days from the date of departure through normal banking channel. In case of personal carriage for export promotion tours, the exporter shall declare personal carriage of such samples to the Customs while leaving the country and obtain necessary endorsement on the Export Certificate issued by Jewellery Appraiser of the Customs. In such cases the exporter shall book with the nominated agency, within 120 days after the export promotion tour or the expiry of the stipulated period of 45 days, whichever is earlier, gold/silver/platinum for the purpose of replenishment content against the items sold abroad.

(iii) Export of branded jewellery.

Export of branded jewellery is also permitted with the approval of Gem and Jewellery Export Promotion Council for display/sale in the permitted shops set up abroad or in the showroom of their distributors /agents. Items not sold abroad within 180 days shall be re-imported within 45 days. The exporter shall book with the nominated agency within 120 days after the end of the stipulated period of 180 days, gold/silver/platinum for the purpose of replenishment content against the items sold abroad.

(b) The following documents shall be submitted for claiming such replenishment:

(i) Customs attested invoice;

(ii) Copy of the approval letter issued by the Government/ GJEPC;

(iii) Certificate from the nominated agency/ GJEPC in the form given in Appendix-13A.

(c) In case of exhibitions organised by the nominated agencies, the gold/silver/ platinum shall be imported as replenishment by the nominated agencies within 60 days from the close of the exhibition.

(Please refer CUS CIR NO.37/2002 DATE 28/06/2002)