Minimum Value Addition Extended to Silver
and Platinum Jewellery with Retrospective Effect from 1 April 2015
[DGFT Public
Notice No. 28 dated 2nd September 2016]
Effect of
this Public Notice: With this amendment paragraph 4.61 of the Hand
Book of Procedures 2015-2020 will also cover minimum value addition for export
of Silver/ Platinum jewellery and articles thereof, which were inadvertently
left out earlier, These amendments will be applicable
with effect from 01.04.2015
Sub:
Amendment in paragraph 4.61 of Hand Book of Procedures 2015-20.
In exercise of powers
conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, as
amended from time to time, the Director General of Foreign Trade makes
amendments in Paragraph 4.61 of Hand Book of Procedures 2015-2020 to read as
under:
|
Sl. No |
Items of export |
Minimum Value Addition |
|
a) |
Plain gold /Platinum/ Silver Jewellery and Articles and
ornaments like Mangalsutra containing gold
and black beads / imitation stones, except in studded form of jewellery. |
3.5% |
|
b) |
All types of Studded gold /platinum / silver Jewellery and
articles thereof. |
6.0% (for those studded with coloured Gem stones) and 7.0% (for those
studded with diamonds). |
|
c) |
Any jewellery / articles manufactured by fully mechanized process |
2% |
|
d) |
Gold/silver/ platinum medallions & coins (excluding
coins of nature of legal tender) |
1.5% |
|
e) |
Gold / silver / platinum findings / mountings manufactured by
mechanized process |
2.5% |