Import policy restrictions on Chapter 71 precious metal goods are revised immediately with special exemptions and no transitional benefit. Import policy under Chapter 71 of ITC (HS) 2022 is amended with immediate effect to revise the status and conditions for specified precious metal and precious metal-clad goods. New Policy Condition No. 7 exempts imports by 100% Export Oriented Units, SEZ units, and certain gems and jewellery export schemes, subject to domestic tariff area restrictions and product-specific limits for certain platinum and precious metal alloys. The amended restrictions apply notwithstanding paragraph 1.05(b) of FTP 2023, and transitional arrangements are unavailable.
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Import policy restrictions on Chapter 71 precious metal goods are revised immediately with special exemptions and no transitional benefit.
Import policy under Chapter 71 of ITC (HS) 2022 is amended with immediate effect to revise the status and conditions for specified precious metal and precious metal-clad goods. New Policy Condition No. 7 exempts imports by 100% Export Oriented Units, SEZ units, and certain gems and jewellery export schemes, subject to domestic tariff area restrictions and product-specific limits for certain platinum and precious metal alloys. The amended restrictions apply notwithstanding paragraph 1.05(b) of FTP 2023, and transitional arrangements are unavailable.
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