Export consolidation exemption: goods procured for packing with exported articles eligible for duty exemption subject to conditions. The amendment extends duty exemption to goods procured for consolidation into sets exported with manufactured articles, subject to conditions: exclusion of gems and jewellery units; a cap on the value of such goods relative to the FOB export value of the unit in the preceding year; Board of Approval approval of the list of goods and compliance with board conditions; separate listing in export documents. Export value of these goods shall not count for Net Foreign Exchange Earnings or Domestic Sale Entitlement and such goods cannot be sold in the Domestic Tariff Area.
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Export consolidation exemption: goods procured for packing with exported articles eligible for duty exemption subject to conditions.
The amendment extends duty exemption to goods procured for consolidation into sets exported with manufactured articles, subject to conditions: exclusion of gems and jewellery units; a cap on the value of such goods relative to the FOB export value of the unit in the preceding year; Board of Approval approval of the list of goods and compliance with board conditions; separate listing in export documents. Export value of these goods shall not count for Net Foreign Exchange Earnings or Domestic Sale Entitlement and such goods cannot be sold in the Domestic Tariff Area.
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