Minimum value addition for studded jewellery requires a prescribed threshold and CIF-based valuation tied to foreign-exchange outflow. Minimum value addition for studded gold, silver and platinum jewellery is fixed at 15%. Value addition is calculated with reference to the CIF value of the metal content, defined as the total outflow of foreign exchange for the metal content plus admissible wastage; where metal is on loan, CIF also includes interest paid in free foreign exchange. The CIF-equivalent covers imported metal and metal procured from other sources used in the export product.
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Minimum value addition for studded jewellery requires a prescribed threshold and CIF-based valuation tied to foreign-exchange outflow.
Minimum value addition for studded gold, silver and platinum jewellery is fixed at 15%. Value addition is calculated with reference to the CIF value of the metal content, defined as the total outflow of foreign exchange for the metal content plus admissible wastage; where metal is on loan, CIF also includes interest paid in free foreign exchange. The CIF-equivalent covers imported metal and metal procured from other sources used in the export product.
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