Gem & Jewellery EP Scheme Modified Duty Payment in Rupees Permitted on Domestic Sale - Nominated Agencies Changed

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....f powers conferred by section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy,1997 -2002 published in the Gazette of India extraordinary, Part-ll, Section 3-Sub-section (ii) vide S.O. No. 283(E) dated 31.3.97, the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002. ....

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....enously procured rough diamonds, precious stones and semi-precious stones to the holders of valid REP/Gem Rep./Diamond Imprest licences on payment of appropriate duty are also permitted". 3. Para 8.36 of EXIM Policy shall be amended to read as: "EOU/EPZ units are also permitted to sell 10% of value of exports of the preceding year to the DTA. In respect of sales of plain jewellery, the recip....