Gem and jewellery policy: domestic sales allowed with rupee duty payment, and nominated agencies list revised. Amendments revise the Gem & Jewellery EP scheme to name authorised nominated agencies for supply of gold, silver and platinum; permit re-export and export of domestically procured goods including partial processing products; allow supply of unsuitable rough and precious stones up to five percent of value to holders of REP/Gem Rep./Diamond Imprest licences on payment of duty; and permit EOU/EPZ units to sell up to ten percent of prior year export value to the domestic market with duty payable in Indian rupees for plain and studded jewellery subject to prescribed value addition.
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Provisions expressly mentioned in the judgment/order text.
Gem and jewellery policy: domestic sales allowed with rupee duty payment, and nominated agencies list revised.
Amendments revise the Gem & Jewellery EP scheme to name authorised nominated agencies for supply of gold, silver and platinum; permit re-export and export of domestically procured goods including partial processing products; allow supply of unsuitable rough and precious stones up to five percent of value to holders of REP/Gem Rep./Diamond Imprest licences on payment of duty; and permit EOU/EPZ units to sell up to ten percent of prior year export value to the domestic market with duty payable in Indian rupees for plain and studded jewellery subject to prescribed value addition.
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