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GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE No. 29/2015-2020
NEW DELHI, DATED 08th SEPTEMBER, 2016
Subject: Amendments in paragraph 4A.21 of Hand Book of Procedures
2009-14 for export of Gems and Jewellery products manufactured from gold during
the period 22.07.2013 to 14.02.2014 in terms of paragraph 4A.18 of Handbook of
Procedures 2009-14 as one time exemption to claim replenishment of Gold - reg
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade
Policy 2009-2014, as amended from time to time, the Director General of Foreign
Trade makes the following amendments in paragraph 4A.21 of Hand Book of
Procedures 2009-14 for export of Gems and Jewellery products manufactured from
gold during the period 22.07.2013 to 14.02.2014 in terms of paragraph 4A.18 of
Handbook of Procedures as one time exemption to claim replenishment of gold
within 120 days of issuance of this public Notice to the following exporters.
2. Those exporters who had exported Gems and Jewellery products manufactured
from gold by participating in overseas jewellery exhibitions under the
replenishment scheme during the period 22.07.2013 to 14.02.2014 in terms of
paragraphs 4A.18(a)(i) of HBP 2009-14. Such exporters may claim replenishment of
gold from Nominated Agencies within 120 days of this Public Notice in relaxation
of period prescribed in Para 4A.18(a)(i)(b) of HBP 2009-14, provided all other
conditions mentioned in Para 4A.21 are fulfilled which includes realisation of
export proceeds and any other condition of Foreign Trade Policy and Hand Book of
Procedures.
3. Those exporters who had booked gold with Nominated Agencies by depositing
earnest money for a minimum amount of 20% of notional price of gold subject to
adjustment at time of actual sale as per paragraph 4A.21.1 of HBP 2009-14. Such
exporters may claim replenishment of gold from Nominated Agencies, in respect of
export of Gems and Jewellery products manufactured from gold during the period
22.07.2013 to 14.02.2014, within 120 days from the date of issuance of this
Public Notice in relaxation of period prescribed in Para 4A.21 of HBP 2009-14
provided all other conditions mentioned in Para 4A.21 are fulfilled which
includes realisation of export proceeds and any other condition of Foreign Trade
Policy and Hand Book of Procedures.
4. Effect of this Public Notice:
The RBI Circulars from 22.07.2013 to 14.02.2013 had not provided provisions
to claim replenishment of gold in respect of export of Gems and jewellery
products manufactured from gold, by participation in the exhibitions abroad or
claiming gold in cases where gold was booked by payment of minimum 20% with
Nominated Agency, subject to adjustment at time of actual sale. All such
exporters have been provided one-time facility to claim replenishment of gold
within 120 days from the date of issuance of this Public Notice subject to
fulfilment of all other conditions of the FTP and HBP 2009-14.
(Anup Wadhawan)
Director General of Foreign Trade
Email- dgft@nic.in
(Issued from File No. 01/94/180/12/AM17/PC4)
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