FTP - setting up of Private/Public Bonded Warehouses for Gems and Jewellery sector

By Vijay Kumar

GOVERNMENT has amended the Foreign Trade Policy, 2009-2014 (RE 2012) and introduced a new para 4A.16A for setting up of Private/Public Bonded Warehouses for Gems and Jewellery sector, which reads as:

Private/Public Bonded Warehouse - Private/Public Bonded Warehouses may be set up in SEZ/DTA for import and re-export of cut and Polished diamonds, cut and polished coloured gemstones, uncut & unset precious & semi-precious stones, subject to achievement of minimum VA of 5%

This will facilitate setting up of Private/Public Bonded Warehouses in SEZ/DTA for Diamond, Gems and precious/semi precious stones.

DGFT Notification No. 30 (RE-2012)/2009-14, Dated: January 31, 2013