Value addition rules clarify inputs include duty free precious metal content and admissible wastage for duty exemption. Value Addition is computed as VA = (A-B)/B x 100 where A is the FOB/FOR export value and B comprises duty free gold/silver/platinum content in the export product plus admissible wastage and other input values; for loaned gold B also includes interest paid in free foreign exchange. Under replenishment, the actual purchase price of precious metals by nominated agencies plus permitted service charges are included in B for value addition calculations.
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Provisions expressly mentioned in the judgment/order text.
Value addition rules clarify inputs include duty free precious metal content and admissible wastage for duty exemption.
Value Addition is computed as VA = (A-B)/B x 100 where A is the FOB/FOR export value and B comprises duty free gold/silver/platinum content in the export product plus admissible wastage and other input values; for loaned gold B also includes interest paid in free foreign exchange. Under replenishment, the actual purchase price of precious metals by nominated agencies plus permitted service charges are included in B for value addition calculations.
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