Home India Ministry of Commerce and Industry In exercise of powers conferred by Section 5 of FT D R Act 1...
Date: 2019-09-02 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred by Section 5 of FT D R Act 1992 read with Paragraph

Issued by Ministry of Commerce and Industry · Department of Commerce

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

Executive Summary: This notification, dated September 2, 2019, amends Para 4.34 i of the Foreign Trade Policy (FTP) 2015-2020. It concerns the import of gold, silver, and platinum for manufacturing jewellery and related articles for export. The amendment modifies the conditions for replenishment of these precious metals. Key Points / Main Content: Amendment to Para 4.34 i of FTP 2015-2020: The Central Government has amended the Foreign Trade Policy 2015-2020. Precious Metal Replenishment: Exporters of gold, silver, and platinum jewellery can obtain these metals as input from nominated agencies, either in advance or as replenishment after export. This is in accordance with a specified procedure. Customs Notification: Replenishment of gold, silver, and platinum is subject to Customs notification No. 57/2000-Customs dated 08.05.2000, as amended. Impact Analysis: Exporters of Gold, Silver, and Platinum Jewellery: Impact: The amendment affects the conditions under which exporters can replenish gold, silver, and platinum. Action Required: Exporters need to be aware of the amended Para 4.34 i of the FTP 2015-2020 and ensure compliance with Customs notification No. 57/2000-Customs dated 08.05.2000.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A trade policy document issued by the Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade. Foreign Trade Development and Regulation Act, 1992: An act of the Indian Parliament that provides the legal framework for the foreign trade policy. Ministry of Commerce and Industry: The Indian government ministry responsible for the formulation of foreign trade policy. Directorate General of Foreign Trade: The agency of the Ministry of Commerce and Industry responsible for implementing the foreign trade policy. Central Government: The Union Government of India. Central Excise Rules, 2002: Rules pertaining to central excise duties in India. CGST Act: Central Goods and Services Tax Act. Alok Vardhan Chaturvedi: Director General of Foreign Trade & Ex-officio Secretary.
Official Source Record View Original Source →
See Full Document Text
jftLVªh laö Mhö,yö&33004@99 REGD. NO. D. L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (ii) PART II—Section 3—Sub-section (ii) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 2890] ubZ fnYyh] lkseokj] flrEcj 2] 2019@Hkkæ 11] 1941 No. 2890] NEW DELHI, MONDAY, SEPTEMBER 2, 2019/BHADRA 11, 1941 okf.kT; ,oa m|ksx ea=ky; ¼okf.kT; foHkkx½ ¼fons'k O;kikj egkfuns'kky;½ vf/klwpuk ub Z fnYYkh] 2 flrEcj] 2019 la- 16@2015&2020 fo"k;%& fons’k O;kikj uhfr 2015&2020 ds iSjk 4-34 ¼i½ esa la’kks/kuA dk-vk- 3157¼v½-&le;&le; ij ;Fkk&la”kkfs/kr fon's k O;kikj uhfr] 2015&2020 d s iSjk 1-02 d s lkFk ifBr] fon's k O;kikj ¼fodkl ,o a fofu;eu½ vf/kfu;e] 1992 dh /kkjk 5 d s rgr inz Ùk 'kfDr;ksa dk i;z kxs djr s g,q dUsn z ljdkj ,rn}kjk fon”s k O;kikj uhfr&2015&20 e sa fuEufyf[kr l”a kk/s ku djrh gS % fons’k O;kikj uhfr dk ekStwnk iSjk 4-34 ¼i½ ftls fuEukuqlkj i<+k tkrk gS %& ¼i½ ekmafVXa l vkSj QkbufMXa l lfgr lkus @s pkna h@IySfVue vkHk’wk.k vkSj mudh oLrqvks a d s fu;kZrd] ukfer ,tsalh l s bl lca /a k e sa fofufn’ZV izfØ;k d s vuqlj.k esa vfxez #i l s vFkok fu;kZr d s ckn iuq % ifwr Z ds #i e]saa fu;kZr mRikn dh fufof’V d s #i e sa lkus k@pkna h@IySfVue izkIr dj ldr s gSAa ;fn fu;kZrd@fofuekZrk fu;kfZrr mRikn lca /a kh fuEufyf[kr e sa dkbs Z ykHk izkIr djrk gS] rk s ml s cgeq Yw ; /kkr q dh dkbs Z iuq % ifwr Z izkIr ugh a gkxs hA ¼d½ fofuekZrk }kjk fufof’V;k sa vkSj lsokvk sa ij lus oSV ØfsMV dk ykHk izkIr fd;k x;k gAS ¼[k½ rS;kj eky voLFkk lca /a kh NVw vf/klpw uk låa 19@2004 lhb Z ¼,uVh½ fnukda 06-09-2004 d s rgr izkIr dh xb Z gSA ¼x½ cgeq Yw ; /kkr q vFkok cgeq Yw ; /kkr q dh oLrqvk sa ij Hkxq rku fd, x, mRikn “kqYd d s lca /a k e sa vf/klpw uk l-a 21@2004&lhb Z ¼,uVh½ fnukda 06-09-2004 d s rgr fufof’V pj.k NVw izkIr dh xb Z gSA 4527 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] ¼?k½ fofuekZrk }kjk dUs nzh; mRikn “kqYd fu;ekoyh] 2002 d s fu;e 19¼2½ d s rgr cgeq Yw ; /kkr q vFkok cgeq Yw ; /kkr q dh oLr,q a izkIr dh xb Z gSA ¼M-½ fu;kZrd }kjk fufof’V;k sa vFkok lsokvk sa ij lhth,lVh vf/kfu;e d s v/;k;&V d s rgr fufof’V dj ØfsMV izkIr fd;k x;k gS% vFkok lhth,lVh vf/kfu;e dh /kkjk 54 d s rgr vkbVZ hlh dh okilh vFkok vkbtZ h,lVh dh okilh izkIr dh xb Z gSA fons‘k O;kikj uhfr ds la‘kksf/kr iSjk 4-34 ¼i½ dks fuEukuqlkj i<+k tk,xk %& ¼1½ ekmafVXa l vkSj QkbufMXa l lfgr lkus @s pkna h@IySfVue vkHk’wk.k vkSj mudh oLrqvks a d s fu;kZrd] ukfer ,tsalh l s bl lca /a k e sa fofufn’ZV izfØ;k d s vuqlj.k e sa vfxez #i l s vFkok fu;kZr d s ckn iuq % ifwr Z ds #i e]saa fu;kZr mRikn dh fufof’V d s #i e sa lkus k@pkna h@IySfVue izkIr dj ldr s gSAa lkus @s pkna h@IYkSfVue dh iuq izkfIr lhek “kYq d foHkkx dh ;Fkk l'a kkfs/kr vf/klpw uk l-a 57@2000&lhek 'kqYd foHkkx fnukda 08-05-2000 d s v/khu gksxhA bl vf/klwpuk dk izHkko% fon”s k O;kikj uhfr 2015&20 dk iSjk 4-34¼i½ l”a kkfs/kr fd;k tkrk gSA [Qk- l-a 01@94@180@296@,,e&19@ihlh&4 l s tkjh] vkykds o/kuZ prqosnZ h] egkfun's kd] fon's k O;kikj ,o a inus lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 2nd September, 2019 No. 16 / 2015-2020 Subject: Amendment of Para 4.34 (i) of the Foreign Trade Policy 2015-20. S.O. 3157(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 amendments in Foreign Trade Policy 2015-20. The current Para 4.34 (i) of the Foreign Trade Policy reads as under: (i) Exporter of gold / silver / platinum jewellery and articles thereof including mountings and findings may obtain gold / silver / platinum as an input for export product from Nominated Agency, in advance or as replenishment after export in accordance with the procedure specified in this behalf. No replenishment of the precious metal shall be available to the exporter/manufacturer where the exporter / manufacturer avails any of the benefits in respect of exported product. a. CENVAT Credit is availed on inputs or services by the manufacturer. b. Finished goods stage rebate is availed under Notification No 19/2004-CE (NT) dated 06.09.2004. c. Input stage rebate is availed in respect of duty of excise paid on the precious metal bar or articles of precious metal under Notification No 21/2004-CE(NT) dated 06.09.2004. d. Precious metal or articles of precious metal are procured by the manufacturer under rule 19(2) of the Central Excise Rules, 2002. e. Input Tax Credit is availed on inputs or services or both by the exporter under Chapter V of CGST Act; or refund of ITC or refund of IGST is availed under section 54 of the CGST Act.¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3 The amended Para 4.34 (i) of the Foreign Trade Policy reads as under: (i) Exporter of gold / silver / platinum jewellery and articles thereof including mountings and findings may obtain gold / silver / platinum as an input for export product from Nominated Agency, in advance or as replenishment after export in accordance with the procedure specified in this behalf. Replenishment of gold / silver / platinum will be subject to Customs notification No. 57/2000-Customs dated 08.05.2000, as amended. Effect of the Notification: Para 4.34(i) of FTP 2015-20 stands amended. [F. No. 01/94/180/296/AM-19/PC-4] ALOK VARDHAN CHATURVEDI, Director General of Foreign Trade & Ex-officio Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research