Government of India
Ministry of Commerce and Industry
Department of Commerce
Udyog Bhawan
Notification No. 30 (RE-2012) /2009-2014
New Delhi, the 31st January, 2013
Subject: Introduction of provision for setting up of Private/Public Bonded
Warehouses for Gems and Jewellery sector in FTP(RE-2012)(2009-2014).
S.O (E) : In exercise of the powers conferred by Section 5 of the Foreign Trade
(Development & Regulation) Act, 1992, as amended, read with paragraph 1.3 of the
Foreign Trade Policy, 2009-2014, the Central Government hereby amends with
immediate effect Foreign Trade Policy, 2009-2014 (RE 2012) and introduces a new
para 4A.16A for setting up of Private/Public Bonded Warehouses for Gems and
Jewellery sector.
- A new para 4A.16A after para 4A.16 is being added in FTP as under:
Private/Public Bonded Warehouse – Private/Public Bonded Warehouses may be set up
in SEZ/DTA for import and re-export of cut and Polished diamonds, cut and
polished coloured gemstones, uncut & unset precious & semi-precious stones,
subject to achievement of minimum VA of 5%
- Effect of this amendment : This will facilitate setting up of Private/Public
Bonded Warehouses in SEZ/DTA for Diamond , Gems and precious/semi precious
stones.
[Similar provision had existed in the Foreign Trade Policy earlier, but got
withdrawn with the import duty being reduced to zero. It is being reintroduced
now.]
Sd/-
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
(Issued from F.No. 01/94/180/168-AM13/PC 4)