8.19
- Document type
- Policy
- Dated
- Category
- Exim Policy (upto 31/03/2001)
Export Against suply by Foreign Buyers
Where export orders are placed on the nominated agencies/status holder,
the foreign buyer may supply to the nominated agencies/ status holder,
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 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 in advance and free of charge plain semi- finished gold/ silver/ platinum jewellery 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)
The foreign buyer may also supply to the nominated agencies/ status holder in advance and free of charge plain semi- finished gold/ silver/ platinum jewellery 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)