Foreign Trade Procedures 2008-2009 - Directorate General of ...
Foreign Trade Procedures 2008-2009 - Directorate General of ...
Foreign Trade Procedures 2008-2009 - Directorate General of ...
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(c)<strong>Foreign</strong> Exchange Encashment Certificate from Bank.In addition to this, Personal Carriage on DocumentsAgainst Acceptance (DA)/ Cash On Delivery (COD) basisis also allowed. Exporter will have to furnish followingdocuments as pro<strong>of</strong> <strong>of</strong> exports for claiming exportentitlements:(i)(ii)Copy <strong>of</strong> Shipping Bill filed by Indian Seller; andBank Certificate <strong>of</strong> Export and RealisationInstructions issued by Customs Department in this regard shouldbe followed mutatis mutandis.Conversion <strong>of</strong> 4A.9 For conversion <strong>of</strong> quantity <strong>of</strong> gold/ silver/platinum in terms <strong>of</strong>Purity/Finenessequivalent quantity in terms <strong>of</strong> fineness, following formula shall beused:(i)(ii)Where item <strong>of</strong> gold has been exported in terms <strong>of</strong> carats,quantity <strong>of</strong> gold shall be multiplied by number <strong>of</strong> carat <strong>of</strong>gold exported, divided by 24 and thereafter again dividedby 0.995/0.999/0.900 to arrive at equivalent quantity <strong>of</strong>gold in terms <strong>of</strong> fineness <strong>of</strong> 0.995/0.999/0.900respectively; andWherever purity <strong>of</strong> item <strong>of</strong> export is expressed in terms<strong>of</strong> fineness, the quantity <strong>of</strong> gold/silver/platinum shall bemultiplied by fineness <strong>of</strong> gold/silver/platinum exported andthereafter divided by 0.995 / 0.999 / 0.900 to arrive atequivalent quantity <strong>of</strong> gold/ silver/platinum in terms <strong>of</strong>0.995 / 0.999 / 0.900 fineness respectively.Release <strong>of</strong> Gold/ 4A.10 Gold / silver / platinum shall be released to exporter <strong>of</strong> jewellerySilver/ Platinum by nominated agencies/RBI authorised banks in multiples <strong>of</strong> 10by Nominated Agenciesgms or in Ten Tola Bars in respect <strong>of</strong> gold. However, silver shallbe released to exporters in multiples <strong>of</strong> 1 Kg only. Any balance <strong>of</strong>gold/ silver/ platinum shall be available to exporter along with hisfuture entitlement. Gold/ silver shall be released by the nominatedagencies in terms <strong>of</strong> 0.995 fineness or more and platinum in terms<strong>of</strong> 0.900 fineness or more.Terms <strong>of</strong> payment 4A.11 Export <strong>of</strong> gold / silver / platinum jewellery and articles there<strong>of</strong>shall be against irrevocable letter <strong>of</strong> credit, payment <strong>of</strong> cash ondelivery basis, Documents Against Acceptance (DA) basis oradvance payment in foreign exchange.Port <strong>of</strong> Export 4A.12 Exports under schemes <strong>of</strong> gold /silver/platinum jewellery andarticles there<strong>of</strong> shall be allowed by airfreight and <strong>Foreign</strong> Post82
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