Public Notice No. 07 (RE-2005)/2004-2009, dated 10.05.2005, issued by the Directorate General of Foreign Trade (DGFT), introduces an amendment to Paragraph 7.10.7 of the Handbook of Procedures (Vol. I) under the Foreign Trade Policy, 2004-09. The revised sub-para specifies that Special Economic Zone (SEZ) units obtaining gold, silver, or platinum on a loan basis from nominated agencies must export jewellery made from these metals within 90 days of release. However, this time restriction does not apply to outright purchases of precious metals from nominated agencies. This amendment seeks to clarify the operational framework for SEZ units dealing with precious metals, balancing regulatory requirements with business practices. The change is issued in the public interest.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE NO. 7 (RE-2005) /2004-2009
NEW DELHI, DATED THE 10th May, 2005
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures (Vol. I):
1. Sub-para 7.10.7 shall be amended as under :
“7.10.7 SEZ units obtaining gold/silver/platinum from the nominated agencies on loan basis shall export gold/silver/platinum jewellery within 90 days from the date of release. This shall not however apply to the outright purchase of precious metal from the nominated agencies.”
This issues in Public interest.
( K.T. CHACKO )
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India
(Issued from F.No. 01/92/180/21/AM06/PC-II)
