Clarification regarding import of Gems,Precious Stones,Semi-precious Stones etc. against Rep Licences and Gem Rep Licences issued under para 8.2 and 8.38 of Exim Policy 1997-2002 respectively under notification No. 60/2002-Cus, dated 7.6.2002- Reg

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....Revenue (Central Board of Excise and Customs) 9th August, 2002. Subject : Clarification regarding import of Gems, Precious Stones, Semi-precious Stones etc. against Rep Licences and Gem Rep Licences issued under para 8.2 and 8.38 of Exim Policy 1997-2002 respectively under notification No. 60/2002-Cus, dated 7.6.2002- Reg, I am directed to invite your attention to notification No. 60/2002-Cus....

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....nd in accordance with paragraphs 8.2 and 8.38 of the previous Exim Policy. 3. The matter has been examined. It is seen that the provisions relating to Gem & Jewellery contained exclusively in Chapter 8 of the preceding Exim Policy 1997-2002 have been shifted to Chapter 4 of the new Exim Policy 2002-2007. So far as import under the above licences is concerned, except for the change in paragraph nu....