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Government eases export norms for select goods used in jewellery-making

News Nation Bureau | Edited By : Subhayan Chakraborty | Updated on: 06 Nov 2018, 03:20:21 PM
Government eases export norms for select goods used in jewellery-making (Photo: Twitter)

New Delhi:

The government has eased norms for exports of select goods used in jewelry-making, including locks, posts and push-backs, as a part of the amendment to the foreign trade policy.

The foreign trade policy has been amended to "allow export of findings like posts, push backs, locks which help in collating the jewellery pieces together, containing gold of three carats, and above, up to a maximum limit of 22 carats only from domestic tariff area and EOU/EHTP/STP/BTP units," the directorate general of foreign trade (DGFT) said in a notification.

Earlier Permitted Norms: Exports of any kind of gold jewellery or related items containing gold of eight carats, and above, up to a maximum limit of 22 carats. These exports are not allowed from special economic zones.

Programmes to Promote Exports: Export Oriented Unit (EOU) Scheme, Electronics Hardware Technology Park (EHTP) Scheme, Software Technology Park (STP) Scheme or Bio-Technology Park (BTP) are programmes to promote exports.

The report in April-August 2018-19: India's gems and jewellery exports contracted by 0.75 per cent to $13.18 billion. The labour-intensive sector contributes about 14 per cent to the country's overall exports.
         
The US, Europe, Japan and China are India's main export destinations.

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First Published : 06 Nov 2018, 03:18:38 PM

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