Export of personal jewellery through the mode of baggage - Customs - F. No. 495/19/93-Cus.VI

Export of personal jewellery through the mode of baggage F. No. 495/19/93-Cus.VI Dated 6-10-1994 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Export of personal jewellery through the mode of baggage - regarding It is directed to say that in view of the amendment in Section 13 of Foreign Exchange Regulation Act, 1973 and consequent withdrawal of Notification No.107/92-RB dated 3-2-1992 issued by the Reserve Bank of India permitting export of personal jewellery upto a value limit of Rs. 1 lakh, some Collectors had sought clarification from the Board on the question of value limit, if any, on the export of personal jewellery through the mode of baggage. 2. The matter has been examined by the Board in consultation with the Department of Economic Affairs and the Export Commissioner in Ministry of Commerce. The position is thus : As far the Export-Import Policy is concerned, there is no restriction on the export of any goods (including gold jewellery as baggage so long as they constitute the bonafide baggage of the passenger. It is also observed that incentives for export of jewellery through legal commercial channels are more attractive. 3. It has, therefore, been decided that so long as the personal gold jewellery being exported through the mode of baggage constitutes bonafide baggage of the passenger, there should be no value restrictions on its export. All field formations under your jurisdiction may be suitably instructed in the matter.