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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Provisions expressly mentioned in the judgment/order text.
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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