4.33 — Advance Procurement/ Replenishment of Precious Metals from Nominated Agencies

• (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. 
  

  • (ii) The export would be subject to wastage norms and minimum value addition as prescribed in paragraph 4.59 and 4.60 respectively in the Handbook of Procedures.

• ii) Foreign remittance has to be realized within a period of 3 months from the date of export.

• iii) Exporters must submit confirmed export order before effecting export.

• iv) Distinction must be made between a religious idol and simply moulded gold article/idol.

• v) Exports may be allowed only be actual manufactures of such idols.

The findings like posts, push backs, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats.

• (ii) Silver jewellery including partly processed jewellery, silverware, silver strips and articles including medallions and coins (excluding legal tender coins and any engineering goods) containing more than 50% silver by weight;

• (iii) Platinum jewellery including partly processed jewellery