Amendment in Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20 - 44/2015-2020 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Directorate General of Foreign Trade Policy 4 Section, Room No 210 Udyog Bhavan Notification No 44/2015-2020 New Delhi dated 30 th November, 2018 Subject: Amendment in Para 4.32(i) of Chapter 4 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, 2015-20, as amended from time to time, the Central Government hereby makes following amendment in Para 4.32(i) of Chapter 4 of 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 up to maximum limit of 22 carats. The Findings like posts, push backs, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats. 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 maximum limit of 22 carats. Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats) subject to the following conditions: i) Exports would be subject to 100% examination by the Approved Government Valuer. ii) Foreign remittance has to be realised within a period of 3 months from the date of export. iii) Exporters must submit confirmed export order before effecting export. iv) Distinction must be made between a religious idol and simply moulded gold article/ idol. v) Exports may be allowed only by actual manufacturers of such idols. The Findings like posts, push backs, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats. 3. Effect of this Notification: Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20 is amended to allow export of Gold idols (only gods and goddess) of 8 carats and above (upto 24 carats) from domestic tariff area. (Alok Vardhan Chaturvedi) Director General of Foreign Trade Ex-offico Additional Secretary, Government of India E-mail: [email protected] (Issued from File No.01/94/180/236/AM 19/PC-4)