Gold Idols included in Jewellery Export List

·    Facility Allowed only to Manufacturers

·    No Weight Restrictions, Pure Gold upto 24 Carats Allowed

[DGFT Notification No. 44/2015-2020 dated 30 November 2018]

Effect of this Notification: Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20 is amended to allow export of Gold idols (only gods and goddess) of 8 carats and above (upto 24 carats) from domestic tariff area.

Subject: Amendment in Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20.

S.O.(E): In exercise of powers conferred by Section 5 of FT(D&R) Act, 1992, read with paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Central Government hereby makes following amendment in Para 4.32(i) of Chapter 4 of Foreign Trade Policy 2015-20.

2. Existing Para 4.32(i) of FTP 2015-20:-

“Gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded, containing gold of 8 carats and above up to maximum limit of 22 carats.

The Findings like posts, push hacks, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats.”

The amended Para 4.32 (i) of FTP 2015-20:-

“Gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded, containing gold of 8 carats and above up to maximum limit of 22 carats.

Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats) subject to the following conditions:

i)     Exports would be subject to 100% examination by the Approved Government Valuer.

ii)    Foreign remittance has to be realised within a period of 3 months from the date of export.

iii)   Exporters must submit confirmed export order before effecting export.

iv)   Distinction must be made between a religious idol and simply moulded gold article/ idol.

v)    Exports may be allowed only by actual manufacturers of such idols.

The Findings like posts, push hacks, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats.”

(Issued from File No.01/94/180/236/AM19/PC-4)