Minimum Value addition norms and calculation of value addition for the Studded jewellery items

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.... Letters have been received from the licensing and customs authorities about the appropriate minimum value addition required for the export of studded gold/ silver/ platinum jewellery and how the value addition for such export is to be calculated. Handbook of Procedures Volume I (2004-09) contains clear provisions regarding the above. These are reiterated for clarity. Minimum Value Addition T....

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....terest paid in free foreign exchange to the foreign supplier." The above Para does not talk about CIF value of the imported gold only, rather it talks about total outgo of foreign exchange with reference to the gold content in the export product plus the admissible wastage. On the basis of the above Para it is reiterated that the CIF value of gold will be equivalent to the total outflow of forei....