DGFT issued a Clarification regarding

Jun 13, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Compliance The Directorate General of Foreign Trade (DGFT) on June 13, 2024, issued a Clarification regarding the subsequent re-import of unsold jewellery, exported under Para 4.79 & 4.92 of the Handbook of Procedure, 2023.

The following has been stated:

• It has been clarified that re-import of unsold jewellery exported for the purpose of exhibition abroad in terms of the above paras under ITC (HS) codes 71131912, 71131913, 71131914 and 71131915 may be allowed clearance by customs authorities without import licenses in compliance with applicable customs provisions.

[Notification No 05/2024-25]

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