8.84
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 (upto 31/03/2001)
REP Licence
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.