DGFT amends export performance of gems and jewellery policy

Export performance of gems and jewellery items from SEZ/EOU units shall not be clubbed with export performance.

The Dollar Business Bureau

The Directorate General of Foreign Trade (DGFT) has amended the 4.94(a) (i) & (ii) of the Hand Book of Procedures of Foreign Trade Policy (FTP) 2015-20 after which the export performance of gems and jewellery items from SEZ/EOU units shall not be clubbed with export performance from DTA units of any IEC holder for grant of Nominated Agency Certificate, it said in a public notice (No. 37/2015-2020) issued on Tuesday.

The amended Para 4.94(a) (i) will now read as, “Four Star Export House (status on the basis of exports made only of Gems & Jewellery Sector items excluding export performance from SEZ/EOU units, if any) and Five Star Export House (excluding export performance of Gems and Jewellery items from SEZ/EOU units, if any) may apply to the concerned Regional Authority online in ANF 4-I for issue of Nominated Agency Certificate. Applicant shall upload a self-attested copy of the valid Status Holder Certificate issued under [ftp://FTP 2015-2020]FTP 2015-2020.”

The Para 4.94(a)(ii) is amended to: “On the date of application for renewal of Nominated Agency Certificate, the Status Certificate must be valid for next financial year also. Secondly, applicant should also be eligible to qualify to be recognized as Four Star Export House (based on the export of gems and jewellery sector items excluding export performance from SEZ/EOU units, if any)/Five Star Export House (excluding export performance of Gems and Jewellery items from SEZ/EOU units, if any) on the date of application. In other words, Regional Authority shall reassess the eligibility of status holder based on export performance before issuing/renewing the Nominated Agency Certificate.”

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The Dollar Business Bureau - Oct 05, 2016 12:00 IST
 
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