Amendments in Paragraph 4A.2.1 in the Handbook of Procedures (Vol.1) - DGFT - 31 /2005

Amendments in Paragraph 4A.2.1 in the Handbook of Procedures (Vol.1) PUBLIC NOTICE NO. 31/2005 Dated 15/07/2005 In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures (Vol. I): 1. Paragraph 4A.2.1 stands amended as follows: "Under the Scheme for Export of Jewellery, the value addition shall be calculated as per paragraph 4A.6 of FTP. The minimum value addition on average per consignment shall be: S.No. Item of Export Minimum Value Addition a) Studded gold/platinum/silver jewellery and articles thereof other than those covered by entry (b) below. 15% b) Plain gold/platinum/silver jewellery/Articles and ornaments like Mangalsutra Containing gold and black beads/Imitation stones, precious stones and semi precious stones, cubic zirconia, diamonds, pearls etc. However, if the per gram value of the precious stones, semi-precious stones, studdings utilized in the making of jewellery/articles is more than the per gram value of gold/silver/platinum, the value addition of 15% as has been prescribed at (a) above shall be achieved. 7% c) Any jewellery/articles manufactured by fully mechanized process. 3% d) Gold/silver/platinum medallions coins (excluding the coins of the nature of legal tender) 3% e) Gold/silver/platinum finding/mountings manufactured by mechanized process. 5% 2. The heading of paragraph 4A.18 (a) (ii) stands replaced by the following: "Personal carriage of gems jewellery for export promotion tours." 3. The words "or import of plain/studded jewellery" appearing in Paragraph 4A.28 stands deleted. This issues in Public interest. ( K.T. CHACKO ) DIRECTOR GENERAL OF FOREIGN TRADE and EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT OF INDIA (Issued from F.No. 01/94/180/Gems Jewellery/AM06/PC.I)