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Export/Import of Gems/Jewellery

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..... Export/Import of Gems/Jewellery - News and Press Release Dated:- 1-8-2014 - News - The details of Gems and Jewellery exported/imported during the last three years and the current year as well as country-wise is at Annexure. With a view to promote the Gems and Jewellery Sector, Government has taken a number of steps such as providing financial assistance for participation in international fair .....

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..... s, organizing buyer-seller meets etc. under Market Development Assistance (MDA) and Market Access Initiative (MAI) Schemes of the Department of Commerce. Government has also announced a number of measures in the Foreign Trade Policy (FTP) 2009-14 to promote export of Gems and Jewellery such as permission to import diamonds on consignment basis for certification/grading re-export by specified .....

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..... agencies, increasing the limit of personal carriage of Gems Jewellery products in case of participation in overseas exhibitions and in case of export promotion tours etc. ANNEXURE Annexure referred to in reply to Part (a) of Lok Sabha Unstarred Question No.3350 due for answer on 1.8.2014. Total exports and imports of gem and jewellery items for the last three years and current .....

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..... year is as under:- (in USD Million) Year Exports Imports 2011-12 46374.28 91044.08 2012-13 42988.48 83862.47 2013-14 41390.57 58442.39 2014-15 (Upto May 201 .....

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..... 4) 6870.23 9253.51 Exports and imports of gem and jewellery items to/from five major countries for the last three years and the current year is as under:- EXPORTS (in USD Million) 2011-12 .....

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..... 2012-13 2013-14 2014-15(Apr-May) Country Value Country Value Country Value Country Value Hong Kong 11396.00 Hong Kong 10629.92 .....

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..... Hong Kong 11138.29 UAE 2261.25 U S A 6762.49 U S A 6696.22 U S A 7796.40 Hong Kong 1612.10 Belgium 3361.46 Belgium 2287.82 Belgium .....

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..... 2677.04 U S A 1491.82 Israel 1455.90 Israel 1158.34 Israel 1314.79 Belgium 486.75 Singapore 625.39 Singapore 636.87 Thailand 755.51 .....

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..... Israel 209.50 IMPORTS (in USD Million) 2011-12 2012-13 2013-14 2014-15(Apr-May) Country Value .....

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..... Country Value Country Value Country Value Switzerland 32639.09 Switzerland 29679.33 Switzerland 17494.41 Switzerland 2608.87 UAE 18 .....

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..... 360.22 UAE 20374.43 UAE 11899.67 Belgium 1889.99 Belgium 8370.53 Belgium 8313.05 Belgium 9016.21 UAE 1389.73 Hong Kong 8279.39 Ho .....

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..... ng Kong 5500.18 Hong Kong 4777.08 Hong Kong 639.45 South Africa 7923.59 South Africa 5088.19 South Africa 2770.38 China 415.82 Source: DGCI S The information was given by the .....

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..... Minister of State (Independent Charge) in the Ministry of Commerce Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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