Wednesday, April 15, 2015

Govt tightens value addition norms for gold jewellery


  • For plain jewelry articles, the wastage norm has been cut from 3.5% to 2.5%, while that for value-addition has been raised from 3% to 4%
  • Quantum of incentives fixed at 2%, 3% and 5% of the value of exports
  • Online exports of select items, exports from Special Economic Zone (SEZs) to get sops
  • Markets in European Union (EU) extensively covered under incentive schemes
  • Exports to Foreign Trade Agreement (FTA) partner countries to get higher incentives.

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