FTP - minimum value addition for export of Silver/ Platinum jewellery
PARA 4.61 of the Handbook of Procedures 2015-2020, fixes the minimum value addition for gold jewellery, articles etc. This is now amended to include Silver/ Platinum jewellery and articles thereof. This would be effective retrospectively from 01.04.2015 as they were inadvertently left out earlier.
Who is responsible? Certainly not the exporter!
But the Law in Government is, 'if a babu fails, the citizen suffers'.
DGFT Public Notice No. 28/2015-2020., Dated: September 02 2016