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Govt. allows export of gold jewellery upto maximum limit of 22 carats

To be published in the gazette of India Extraordinary part-II, Section-3, Sub Section (ii)

Government of India

Ministry of Commerce & Industry

Department of Commerce

Directorate General of Foreign Trade

Udyog Bhawan

 

Notification No. 21/2015-2020

New Delhi, the 14 August, 2017

Subject :Amendment in Para 4.32(i) of Chapter 4 and In Para 6.01(a) of Chapter 6 of the Foreign Trade Policy 2015-20

S.O. (E): In exercise of powers conferred by section 5 of FT(D&R)Act, 1992, read with paragraph 1.02 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby makes following amendment in Para 4.32 (i) of Chapter 4 and in Para 6.01(a) of Chapter 6 of the Foreign Trade Policy 2015-20

2. Existing Para 4.32 (i) of FTP 2015-20:-

“Gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded, containing gold of 8 carats and above”

The amended Para 4.32(i) of FTP 2015-20:-

“Gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded, containing gold of 8 carats and above up to a maximum limit of 22 carats;”

3. Existing Para 6.01(a) of FTP 2015-20:-

“An EOU/EHTP/STP/BTP units may export all kinds of goods and services except items that are prohibited in ITC (HS).”

Amended Para 6.01(a) of FTP 2015-20:-

“An EOU/EHTP/STP/BTP units may export all kinds of goods and services except items that are prohibited in ITC (HS).” However export of gold jewellery, including partly processed jewellery, whether plain or studded, and articles containing gold of 8 carats and above up to a maximum limit of 22 carats only shall be permited.”

4. Effect of this Notification: Para 4.32(i) and Para6.01(a) of Foreign Trade Policy 2015-20 are amended to allow export of Gold jewellery (Plain or studded ) and articles containing gold of 8 carats and above up to a maximum limit of 22 carats only from domestic tariff area and EOU/EHTP/STP/BTP units.

(Alok Vardhan Chaturvedi)
Director General of Foreign Trade
E-Mail : dgft@nic.in

(Issued from F. No. 01/94/180/215/AM-17/PC-4)

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