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 A
guide on Indian economic scenario with relevant trade statistics and
a directory of Indian businesses, manufacturers, exporters, and
traders. |
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Gems & Jewellery
Trade Policy
Exporters of gems and jewellery are eligible to import their inputs by obtaining Replenishment (Rep) Licences, Diamond
Imprest Licences and Bulk Licences for rough diamond from the licensing authorities. Diamond Imprest Licence can be obtained
in advance for import of rough diamonds from any source. Imports of gold , silver and other coin are restricted whereas all
other items in this chapter can be freely imported.
Industry Policy
All industrial undertakings of gems and jewellery are exempt from obtaining an industrial licence to manufacture. They are
required to file an Industrial Entrepreneur Memoranda(IEM) in Part 'A' (as per prescribed format) with the Secretariat of
Industrial Assistance(SIA), Department of Industrial Policy and Promotion, Government of India, and obtain an acknowledgement.
No further approval is required. Immediately after commencement of commercial production, Part B of the IEM has to be filled
in the prescribed format.
Industrial undertakings are free to select the location of a project. In the case of cities with population of more than a
million (as per the 1991 census), however, the proposed location should be at least 25 KM away from the Standard Urban Area
limits of that city unless, it is to be located in an area designated as an "industrial area" before the 25th July,
1991. Relaxation in the aforesaid locational restriction is possible if an industrial license is obtained as per the notified
procedure. Small scale units are, however, exempt from the locational restrictions.
Entrepreneurs are required to obtain Statutory clearances relating to Pollution Control and Environment for setting up an
industrial project.
100 per cent Export Oriented Units (EOUs) and units in the Export Processing Zones (EPZs)/Special Economic Zones(SEZs), enjoy
a package of incentives and facilities, which include duty free imports of all types of capital goods, raw material, and
consumables in addition to tax holidays against export.
FDI upto 100 per cent is allowed through the automatic route for all manufacturing activities in Special Economic Zones
(SEZs).
The Development Commissioners (DCs) of Export Processing Zones (EPZs) /Free Trade Zones (FTZS)/Special Economic Zones (SEZs)
accord automatic approval to projects where
(a) Activity proposed does not attract compulsory licensing or falls in the services sector except IT enabled services;
(b) Location is in conformity with the prescribed parameters;
(c) Units undertake to achieve exports and value addition norms as prescribed in the Export and Import Policy in force;
(d) Unit is amenable to bonding by customs autorities; and
(e) Unit has projected the minimum export turnover, as specified in the Handbook of Procedures for Export and Import.
Processed foods is a delincensed industry. The declicensed undertakings, however, are required to file an Industrial
Entrepreneur Memoranda (IEM) with the Secretariat of Industrial Assistance (SIA). No further approval is required. No
restrictions are imposed regarding the location of the industrial undertaking. Certain items belonging to the are reserved for
small scale industry.
Tariff-non-tariff Policy
The import duty on most of the items under this group is 35.2 to 56.832 per cent. This includes a basic duty and a special
additional duty. However, in case of certain items like dust and powder of precious or semi-precious stones, waste and scrap
of precious metal, gold and silver coins, imitation jewellery etc. attract higher duty.
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