Replenishment of precious metals now governed by the applicable customs notification, altering exporter eligibility for jewellery inputs. Exporters of gold, silver and platinum jewellery may obtain these metals from a Nominated Agency in advance or as replenishment for exports; replenishment is made subject to the controlling customs notification. The amendment links replenishment entitlement to the customs notification and notes that replenishment had previously been unavailable where certain fiscal benefits were availed, including CENVAT credit, finished goods rebate, input stage rebate, procurement under central excise rules, or input tax credit/refund under GST.
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Provisions expressly mentioned in the judgment/order text.
Replenishment of precious metals now governed by the applicable customs notification, altering exporter eligibility for jewellery inputs.
Exporters of gold, silver and platinum jewellery may obtain these metals from a Nominated Agency in advance or as replenishment for exports; replenishment is made subject to the controlling customs notification. The amendment links replenishment entitlement to the customs notification and notes that replenishment had previously been unavailable where certain fiscal benefits were availed, including CENVAT credit, finished goods rebate, input stage rebate, procurement under central excise rules, or input tax credit/refund under GST.
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