The Replenishment (REP) Licence against export of studded gold / platinum / silver jewellery and articles are valid for import of:

(i) Gold / platinum / silver of fineness not less than 0.995/0.900/0.999, the value of which shall be determined by taking into account the equivalent quantity of gold/platinum / silver of 0.999 / 0.9999 / 0.999 fineness used in the gold / platinum / silver studded jewellery exported, as certified by the customs authorities multiplied by the international price of gold / platinum / silver of 0.999 / 0.9999 / 0.999 fineness as shown on the customs attested invoice plus 20% of the balance value of replenishment.

(ii) Gold / platinum findings/mountings/solders upto 0.920 fineness upto 10% of the value of the licence within the overall value of the licence; silver findings / mountings/solders upto 0.925 fineness upto 10% of the value of the licence within the overall value of the licence.

(iii) Rough diamonds, rough coloured gemstones and real or cultured pearls undrilled / unset. However, import of rough diamonds against export of studded silver / platinum jewellery and articles shall not be permitted.