Re-import of rejected jewellery

4A.32

An exporter of plain/ studded precious metal jewellery shall be allowed to re-import duty free jewellery rejected and returned by buyer upto 2% of FOB value of exports in preceding licencing year (based on CA certified copy of export of preceding year) with refund of any duty exemption/refund/ replenishment benefit availed on inputs used as per customs rules and regulations.