Foreign Trade Policy alignment updated: customs notifications adopt new definitions, nominated agencies list, procedural conditions and exemptions. Amendments align customs exemption notifications for the Gems & Jewellery scheme with the Foreign Trade Policy 2009-2014 and Handbook of Procedures (Volume I), standardise definitions, replace Gem Replenishment Licenses with Gem & Jewellery Replenishment Authorization, revise paragraph cross references, restate the list of nominated agencies (including RBI authorised agencies), and impose procedural conditions requiring nominated agencies (except RBI authorised ones) to follow DGFT policy circulars; they also adjust exemption scope, re import timelines for exhibitions, and documentary and approval requirements for consolidated imports.
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Provisions expressly mentioned in the judgment/order text.
Foreign Trade Policy alignment updated: customs notifications adopt new definitions, nominated agencies list, procedural conditions and exemptions.
Amendments align customs exemption notifications for the Gems & Jewellery scheme with the Foreign Trade Policy 2009-2014 and Handbook of Procedures (Volume I), standardise definitions, replace Gem Replenishment Licenses with Gem & Jewellery Replenishment Authorization, revise paragraph cross references, restate the list of nominated agencies (including RBI authorised agencies), and impose procedural conditions requiring nominated agencies (except RBI authorised ones) to follow DGFT policy circulars; they also adjust exemption scope, re import timelines for exhibitions, and documentary and approval requirements for consolidated imports.
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