Diamond GEm & Jewellery Export Promotion Scheme - Amendments regarding

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..... . 3/88-Cus, dated the 14th January, 1988, governing the Jhandewalan Gem Jewellery Complex, 277/90-Cus, dated the 12th December, 1990, governing stand-alone 100% Gem Jewellery EOUs 177/94-Cus, dated the 21st October, 1994, governing Gem Jewellery units in the seven Export Processing Zones. These notifications have been amended vide Notification Number 40/99-Customs, dated the 28th April, 1999 (copy enclosed). The salient features of the amendments are as under :- i) Import of Old Jewellery : It has been provided that the Gem Jewellery units can now import old plain gold / silver or platinum jewellery for repair or remaking for export. The jeweller might have been exported from India, by the unit or any other unit or .....

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..... nd sweepings generated in the Gem Jewellery units can now be allowed clearance into DTA on payments of duty on the gold / silver contents at the rates specified in Notification No. 80/97-Cus, dated the 21st October, 1997. Samples of the sweepings / dust may be taken at the time of clearance and sent to mint for assaying. The assessment may be finalised when the reports are received from the mint. v) Effective rate for Assessment : The import of gold / silver made under the above said notifications by the units for manufacture of Gem Jewellery for exports may be assessed at the effective rate of customs duty as specified in Notification No. 80/97-Cus dated the 21st October, 1997 instead of assessment at the tariff rate app .....

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..... e cases may be, of preceding financial year to the Export House / Trading House in case of diamonds and all exporters in case of gem jewellery on actual user basis for subsequent re-export. The unit shall satisfy its entitlement (5%) with a certificate of total exports either from the DGFT or Zone / Jurisdictional AC. Accounts may be kept of grade and quantity of cut polished precious stones imported so as to ensure its accounting at the time of exports. There would be no entitlement in case only plain jewellery has been exported. For Zone / EOU, no separate Bond shall be necessary. 4. The above amendments may be carefully studied alongwith the revised provision of the EXIM Policy the HOP and the difficulties, if any, in im .....

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