Clarification regarding import of Gems,Precious Stones,Semi-precious Stones etc. against Rep Licences and Gem Rep Licences issued under para 8.2 and 8.38 of Exim Policy 1997-2002 respectively under notification No. 60/2002-Cus, dated 7.6.2002- Reg

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..... Revenue (Central Board of Excise and Customs) 9th August, 2002. Subject : Clarification regarding import of Gems, Precious Stones, Semi-precious Stones etc. against Rep Licences and Gem Rep Licences issued under para 8.2 and 8.38 of Exim Policy 1997-2002 respectively under notification No. 60/2002-Cus, dated 7.6.2002- Reg, I am directed to invite your attention to notification No. 60/2002-Cu .....

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..... and in accordance with paragraphs 8.2 and 8.38 of the previous Exim Policy. 3. The matter has been examined. It is seen that the provisions relating to Gem & Jewellery contained exclusively in Chapter 8 of the preceding Exim Policy 1997-2002 have been shifted to Chapter 4 of the new Exim Policy 2002-2007. So far as import under the above licences is concerned, except for the change in paragraph n .....

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..... lenishment Licences issued under paragraphs 8.2 and 8.38 of the Exim policy 1997-2002 and whose validity has not expired. 5. Wide publicity may be given by issue of a Public Notice in this regard. 6. Difficulties, if any, faced in the implementation of the above instructions, may be brought to the notice of the Board at an early date. Kindly acknowledge receipt of this Circular.
Circular, T .....

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