Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Fashion / Cosmetics / Jewellery

11,661.8575.5
Stock Analysis, IPO, Mutual Funds, Bonds & More

Govt restores duty-free replenishment facility for jewellery exporters

This facility of duty-free replenishment of precious metals was stopped after the implementation of the goods and services tax (GST).

PTI|
Sep 03, 2019, 06.38 AM IST
0Comments
BCCL
Untitled design (5)
NEW DELHI: The government has again permitted gold and silver jewellery exporters to replenish the precious metal duty free after selling it at international exhibitions, a move which would help in promoting growth of the sector. This facility of duty-free replenishment of precious metals was stopped after the implementation of the goods and services tax (GST).

The Directorate General of Foreign Trade (DGFT) on Monday issued a notification in this regard by amending a provision of the foreign trade policy (FTP) which had stated that “no replenishment” of the precious metal shall be available to the exporter or manufacturer where they are availing benefits in respect of exported product.

Also Read

Gems, jewellery exports dip 7% in Apr-Aug

Gems, Jewellery exports may decline 5-10% this year: GJEPC

Gems, Jewellery exports likely to decline 10-15%

August gems & jewellery exports dive on protests in HK, tariff war

With little policy push, India fails to drive gem and jewellery exports

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service