Public Notice No. 31 (RE-2005)/2004-09, dated 15th July 2005, amends certain provisions in the Handbook of Procedures (Vol. I) under the Foreign Trade Policy 2004-2009 concerning the export of jewellery. The key amendment specifies the minimum value addition requirements for different categories of jewellery exports. Studded gold/platinum/silver jewellery must achieve a 15% value addition, while plain jewellery made with precious or semi-precious stones must meet a 7% value addition, unless the value of the stones exceeds the value of the metal. Additionally, fully mechanized jewellery manufacturing processes require a 3% value addition, and gold/silver/platinum medallions and coins must have a 3% value addition. The notice also updates the heading for the personal carriage of gems and jewellery for export promotion tours and removes a reference to the import of plain/studded jewellery from the guidelines.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE NO. 31(RE-2005) /2004-2009
NEW DELHI, DATED THE 15th July 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. Paragraph 4A.2.1 stands amended as follows:
“Under the Scheme for Export of Jewellery, the value addition shall be calculated as per paragraph 4A.6 of FTP.
The minimum value addition on average per consignment shall be:
| Sr.No. | Item of Export | Minimum Value Addition |
| a) | Studded gold/platinum/silver jewelleryand articles thereof other than those covered by entry (b) below.
|
15% |
| b) | Plain gold/platinum/silverjewellery/Articles and ornaments likeMangalsutra Containing gold and black beads/Imitation stones, precious stones and semi precious stones, cubic zirconia, diamonds, pearls etc. However, if the per gram value of the precious stones, semi-precious stones, studdings utilized in the making of jewellery/articles is more than the per gram value of gold/silver/platinum, the value addition of 15% as has been prescribed at (a) above shall be achieved. | 7% |
| c) | Any jewellery/articles manufactured by fully mechanized process. | 3% |
| d) | Gold/silver/platinum medallions & coins (excluding the coins of the nature of legal tender) | 3% |
| e) | Gold/silver/platinum finding/mountings manufactured by mechanized process. | 5% |
2. The heading of paragraph 4A.18 (a) (ii) stands replaced by the following:
“Personal carriage of gems & jewellery for export promotion tours.”
3. The words “or import of plain/studded jewellery” appearing in Paragraph 4A.28 stands deleted.
This issues in Public interest.
( K.T. CHACKO )
DIRECTOR GENERAL OF FOREIGN TRADE and
EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT OF INDIA
(Issued from F.No. 01/94/180/Gems & Jewellery/AM06/PC.I)
