Gem Replenishment Authorisation

4A.12

Gem Replenishment (Gem & Jewellery REP) Authorisation may be issued under the schemes for export of gold/ silver/ platinum jewellery and articles thereof as given in paragraph 4A.8, 4A.9 and 4A.10 of the Policy. In the case of plain gold/ silver/platinum jewellery and articles, the value of such Authorisations shall be determined with reference to the realisation in excess of the prescribed minimum value addition.

In the case of studded gold/silver/platinum jewellery and articles thereof, the value of Gem Replenishment Authorisation shall be determined by taking into account the value of studdings used in items exported, after accounting for the value addition on gold/ silver/ platinum including admissible wastage.

Such Gem REP Authorisations shall be freely transferable.