TMI BlogG&J EP Schemes --- clarificationsX X X X Extracts X X X X X X X X Extracts X X X X ..... lan special Jewellery Complex, EOU EPZ respectively. These notifications have been amended vide notification No. 55/2000-Cus, dated 5.5.2000. Amendments have also been carried out in notification No. 41/99-Cus, dated 25.4.2000, providing for duty free I mport of consumables by the Gem and Jewellery units, Notification No. 144/93-Cus, dated 25.6.93, which deals with import of gold/silver in terms of Paragraphs 8.19, 8.20 8.22 of the Exim Policy, has been superseded by notification Nos. 56/2000-Cus, dated 5.5.2000 and 57/2000-Cus, dated 8.5.2000. A copy of each of the notifications is enclosed for reference. The salient features of the changes made are as give below: Personal Carriage of Gem and Jewellery Import Parcels ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ardless of their location at the four metropolitan airports referred to above. A suitable procedure may be laid down for smooth implementation of this Policy provision and Board may be appraised of the action taken. Export against Supply for Foreign Buyers: Prior to revision of the Policy, Paragraph 8.19 of the Policy allowed the nominated agencies to get in advance and free of charge gold, silver etc. from the foreign buyer for manufacture and export of jewellery. There is no duty on such imports under notification No. 144/93-Cus, dated 28.6.93. In the revised Policy, the para has been amended so as to extend this facility to the status holders (i.e. Export Houses, Trading Houses etc.). The revised para also allows nomi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rred to in paragraphs 8.19, 8.20 8.22 of the Exim Policy respectively. The said notifcation required execution of bond and undertaking by the importer to further export even in cases where the import is against the sale at approved exhibitions or export promotion tour as replenishment as referred to in para 8.20 of the Policy. However, the corresponding provision in the HOP provides that gold, silver platinum content on items sold in such exhibitions may be imported as replenishment. This replenishment is against the export already effected and items sold at exhibitions, therefore, the same does not call for any further export obligation on the importer. To implement the changes in Policy and HOP, notification Nos. 56/2000-Cus, dated 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lery for Repairs/Remaking: Before revision of Policy, under the provisions of paragraph 8.28 A, EOU/EPZ Units were allowed to import plain gold/platinum/silver jewellery for repairs/remake and export subject to a minimum NFEP of 7.5%. In such cases, wastage of 2% was allowed. Paragraph 8.28 A of the Policy has been revised to permit the import of studded gold/platinum/silver jewellery for repairs/remake and export thereof subject to a minimum NFEP of 12.5%. In both cases, the wastage allowed is 2%. To implement the above change, amendments has been carried in the existing notifications Nos. 3/88, dated 14.1.88, 277/90 dated 12.12.90 and 177/94-Cus, dated 21.10.94. Wastage Norms for the Jewellery manufacture and export:- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d to be sold in DTA in accordance with paragraph 8.32 and 8.36 of the policy, the entries specified in the table does not include unsuitable cut and polished diamonds, rough diamonds, precious and semi-precious stones. iT may be noted that paragraph 8.32 of the Policy covers not only broken stones but also unsuitable cut and polished diamonds, rough diamonds, precious and semi-precious stone. In order to align the provisions of the notification with that of the EXIM policy, Notification No. 20/97-CE, dated 11.4.97 is being amended to allow DTA sale of unsuitable/broken/cut and polished diamonds/rough diamonds/precious, semi-precious stones and dead stocks upto 5% of the value of I mported or indigenously procured goods, on payment of 50% of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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