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Gold and Jewellery Industry

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..... Gold and Jewellery Industry
News and Press Release
Dated:- 14-5-2012

Press Information Bureau Government of India Ministry of Commerce & Industry 14-May-2012 16:41 IST The Government .....

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..... of India, at regular intervals, through Foreign Trade Policy and Union Budget, has announced various measures to develop gold and silver jewellery industry in the country. Some of the important measu .....

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..... res include: (i) Introduction of duty drawback rates @ Rs 30.90/gm and Rs 1,545/kg for gold and silver jewellery exports respectively. (ii) Formation of Gem & Jewellery Skill Council of India (G .....

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..... JSCI) to enhance and upgrade various skills in gems and jewellery sector. (iii) Increase in the value limit of personal carriage from US$ 2 million to US$ 5 million in case of participation in over .....

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..... seas exhibitions. (iv) Increase in the number of days from 30 to 90 for re-import of unsold items in case of participation in an exhibition in USA. (v) Personal carriage of gold in primary form .....

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..... permitted upto 10 kgs in a financial year by an authorized person of Gem & Jewellery Units in EOU units subject to RBI and Customs guidelines. These measures would promote development of the gold a .....

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..... nd silver jewellery related industry in Andhra Pradesh also. This information was given by Shri Jyotiradiya M. Scindia, Minister of State for Commerce & Industry in written reply to a question in L .....

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..... ok Sabha today. DS/GK
News - Press release - PIB .....

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