Introduction of provision for setting up of Private/Public Bonded Warehouses for Gems and Jewellery sector in FTP(RE-2012)(2009-2014). - 30 (RE-2012) /2009-2014 - Foreign Trade Policy

(To be published in the Gazette of India Extraordinary) Part II, Section 3, Sub-Section (II) Government of India Ministry of Commerce and Industry Department of Commerce Udyog Bhawan Notification No. 30 (RE-2012) /2009-2014 New Delhi, the 31st January, 2013 Subject: Introduction of provision for setting up of Private/Public Bonded Warehouses for Gems and Jewellery sector in FTP(RE-2012)(2009-2014). S.O.304(E) : In exercise of the powers conferred by Section 5 of the Foreign Trade (Development Regulation) Act, 1992, as amended, read with paragraph 1.3 of the Foreign Trade Policy, 2009-2014 , the Central Government hereby amends with immediate effect Foreign Trade Policy, 2009-2014 (RE 2012) and introduces a new para 4A.16A for setting up of Private/Public Bonded Warehouses for Gems and Jewellery sector. 2. A new para 4A.16A after para 4A.16 is being added in FTP as under: Private/Public Bonded Warehouse Private/Public Bonded Warehouses may be set up in SEZ/DTA for import and re-export of cut and Polished diamonds, cut and polished coloured gemstones, uncut unset precious semi-precious stones, subject to achievement of minimum VA of 5% 3. Effect of this amendment : This will facilitate setting up of Private/Public Bonded Warehouses in SEZ/DTA for Diamond , Gems and precious/semi precious stones. [Similar provision had existed in the Foreign Trade Policy earlier, but got withdrawn with the import duty being reduced to zero. It is being reintroduced now.] Sd/- (Anup K. Pujari) Director General of Foreign Trade E-mail: [email protected] (Issued from F.No. 01/94/180/168-AM13/PC 4)