**Executive Summary:**
This Public Notice, issued by the Directorate General of Foreign Trade on September 8, 2016, amends the Hand Book of Procedures 2009-2014 regarding gold replenishment claims for gem and jewelry exporters. It provides a one-time exemption, allowing exporters to claim gold replenishment within 120 days of the notice's issuance for exports made between July 22, 2013, and February 14, 2014, subject to certain conditions.
**Key Points / Main Content:**
* **Purpose:** To amend paragraph 4A.21 of the Hand Book of Procedures 2009-2014, providing a one-time exemption for gold replenishment claims.
* **Eligibility:** This notice applies to exporters of gems and jewelry products manufactured from gold during the period of July 22, 2013, to February 14, 2014, under paragraph 4A.18 of the Handbook.
* **Amendments Regarding Exhibition Participants:**
* Exporters who participated in overseas jewelry exhibitions under the replenishment scheme during the specified period can claim gold replenishment from Nominated Agencies within 120 days of the Public Notice.
* This is a relaxation of the period prescribed in Para 4A.18aib of HBP 2009-14.
* All other conditions in Para 4A.21 must be fulfilled, including export proceeds realization and compliance with Foreign Trade Policy and Handbook procedures.
* **Amendments Regarding Gold Booking with Nominated Agencies:**
* Exporters who booked gold with Nominated Agencies by depositing at least 20% of the notional gold price, subject to adjustment at the time of actual sale, can claim gold replenishment.
* Claims must be made within 120 days from the date of the Public Notice issuance for exports made during the specified period.
* All other conditions in Para 4A.21 must be fulfilled, including export proceeds realization and compliance with Foreign Trade Policy and Handbook procedures.
* **RBI Circulars:** RBI Circulars from July 22, 2013 to February 14, 2013, did not provide a provision to claim replenishment of gold.
* **One-Time Facility:** A one-time facility is provided to claim gold replenishment within 120 days from the date of issuance of this public notice subject to the fulfillment of all other conditions of the FTP and HBP 2009-2014.
**Impact Analysis:**
* **Exporters of Gems and Jewellery:**
* *Impact:* Provides an opportunity to claim gold replenishment for exports made between July 22, 2013, and February 14, 2014, where such claims were previously restricted by RBI circulars.
* *Action Required:* File claims for gold replenishment with Nominated Agencies within 120 days of the Public Notice issuance (September 8, 2016), ensuring compliance with all conditions outlined in Para 4A.21 of the Hand Book of Procedures 2009-2014 and the Foreign Trade Policy.
Key Entities Referenced
Directorate General of Foreign Trade: An agency under the Ministry of Commerce and Industry, responsible for implementing the Foreign Trade Policy.
Foreign Trade Policy 2009-2014: The prevailing foreign trade policy during the period relevant to the public notice.
Hand Book of Procedures 2009-14: A handbook outlining the procedures related to the Foreign Trade Policy 2009-2014.
Gems and Jewellery: Products manufactured from gold, specifically related to export.
Reserve Bank of India: Mentioned in the context of circulars related to claiming replenishment of gold for participation in exhibitions abroad or booking gold with nominated agencies.
Anup Wadhawan: The Director General of Foreign Trade at the time of issuance of the public notice.
New Delhi, Delhi: Location where the public notice was issued.
Nominated Agencies: Agencies authorized for gold booking and replenishment claims.
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
PUBLIC NOTICE
New Delhi, the 8th September, 2016
No. 29/2015-2020
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.
F. No. 01/94/180/12/AM-17/PC-4.—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
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