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

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[To be published in the Gazette of India Extraordinary Part-II, Section -3, Sub – Section (ii)]

Government of India
Ministry of Commerce & Industry
Directorate General of Foreign Trade
Policy 4 Section, Room No 210
Udyog Bhavan
Notification No. 44/2015-2020
New Delhi dated 30 November, 2018

Subject: Amendment in Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 201520.

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 backs, 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 201520:-

“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 Value
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 backs, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats.

3. 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.

[Alok Vardhan Chaturvedi]
Director General of Foreign Trade &
Ex-officio Additional Secretary to Government of India
E-mail: dgft@nic.in

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

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