DGFT Provides Clarity on Re-Importing Jewellery from Abroad Exhibitions [Read Circular]
DGFT Provides Clarity on Re – Importing Jewellery from Abroad Exhibitions – TAXSCANDGFT Provides Clarity on Re – Importing Jewellery from Abroad Exhibitions – TAXSCAN
DGFT Provides Clarity on Re – Importing Jewellery from Abroad Exhibitions – TAXSCANDGFT Provides Clarity on Re – Importing Jewellery from Abroad Exhibitions – TAXSCAN
In Circular No. 05/2023-24, the Directorate General of Foreign Trade (DGFT) has provided clarification regarding the re-importation of unsold jewellery from overseas exhibitions. According to the circular, customs authorities are authorised to clear unsold jewellery from such exhibitions without requiring an import licence.
The circular states that “Import policy of items under ITC (HS) Code 71131911, 71131919 and 71141910 has been amended from 'free' to 'restricted' category vide Notification No. 19/2023 dated 12.07.2023. Subsequently, this Directorate has received representations from trade and industry seeking clarification regarding applicability of above import restriction on subsequent re-import of items exported under para 4.79 & 4.92 of Handbook of procedure 2023.
It is clarified that re-import of unsold jewellery exported for the purpose of exhibition abroad in terms of above paras under ITC (HS) codes 71131911 & 71131919 may be allowed clearance by Customs Authorities without import licence in compliance with applicable customs' provisions."
To Read the full text of the Order CLICK HERE
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