Gem replenishment entitlement governs calculation of authorised export licence value for precious, semi-precious stones and jewellery. Prescribes category-specific entitlement bases for Gem Replenishment Authorisation, requiring application of specified entitlement rates to the remaining ... Summary
Gem replenishment entitlement governs calculation of authorised export licence value for precious, semi-precious stones and jewellery.
Prescribes category-specific entitlement bases for Gem Replenishment Authorisation, requiring application of specified entitlement rates to the remaining FOB export value for precious cut and polished stones (with thresholds), uncut/unset stones, semi-precious and synthetic stones, pearls, and plain gold, silver and platinum jewellery; permits overall average per-carat realisation for diamonds and precious stones and individual basis calculation for semi-precious/synthetic stones and pearls, with the total forming the Gem Replenishment Authorisation/licence value.
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