Gems, jewellery exports can now be couriered globally
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through the courier mode and such restrictions only apply to imports.
This would mean that gems and jewellery exports could be done through courier services following all other regulations in place for such exports.
The Regulation 2(2) (a) (iv) reads as "These regulations shall not apply to the following imported goods requiring testing of samples thereof or reference to the relevant statutory authorities or to experts before their clearance, namely precious and semi-precious stones, gold or silver in any form".
Thus, the restriction imposed by Regulation 2(2)(a)(iv) on gems and jewellery is applicable only on their imports, CBIC has clarified.
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