The DGFT vide Policy Circular No. 05/2023 dated October 16, 2023 issued clarification regarding the subsequent re-import of unsold jewellery, exported under Para 4.79& 4.92 of Handbook of procedure 2023.
Import policy of items under ITC (HS) Code 71131911, 71131919 and 71141910 has been amended from ‘free’ to ‘restricted’ category vide Notification No. 19/2023 dated July 12, 2023. Subsequently, this Directorate has received representations from trade and industry seeking clarification regarding applicability of above import restriction on subsequent re-import of items exported under para 4.79 & 4.92 of Handbook of procedure 2023.
It is clarified that re-import of unsold jewellery exported for the purpose of exhibition abroad in terms of above paras under ITC (HS) codes 71131911 & 71131919 may be allowed clearance by Customs Authorities without import licence in compliance with applicable customs’ provisions.”
The Policy Circular can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/10/Policy-Circular-05-dt-16-10-2023.pdf