The gold/silver/platinum shall be released to the exporter of jewellery by the nominated agencies/RBI authorised banks in multiples of 10 gms. or in Ten Tola Bars in respect of gold. However, silver shall be released to the exporters in multiples of 1 kg only. Any balance of gold/silver/platinum shall be available to the exporters along with his future entitlement. The gold/silver shall be released by the nominated agencies in terms of 0.995/0.999 fineness and platinum in terms of 0.9999 fineness.
Circular No. 436/02/99-CX I am directed to say that in the context of Self Assessment and Selective Audit Systems which are currently being followed in the Central Excise . It is imperative to have substantially increased participation of the senior officers in the work of audit. Test audit is also being undertaken on the basis of the New Draft Audit Manual and Draft Audit Programme. In this regard, attention is drawn to Parts (4) (iii) of Part-I of the Central Excise Audit Manual
