Exemption to consumables for manufacture of Gem and Jewellery
As per Notification No. 41/99-Cus, consumables imported for manufacture of Gem and Jewellery are exempted to holders of Replenishment Authorisation. This exemption is allowed up to one percent of the FOB value of the export of gold or platinum jewellery, up to two percent for silver jewellery. Now a new category – rhodium finished jewellery made of silver is added to the exemption and up to three percent FOB is allowed.
Notification No. , Dated June 6, 2007