Recently, the Ministry of Commerce & Industry (MoC&I) has issued a clarification regarding the subsequent re-import of unsold jewellery exported under the Import Policy of items listed under ITC (HS) Codes 71131912, 71131913, 71131914, 71131915, and 71131960.
According to a recent circular from the Directorate General of Foreign Trade (DGFT), the status of these items has been amended from ‘Free’ to ‘Restricted’ category, as per Notification No. 17/2024-25 dated June 11, 2024.
Following this amendment, the DGFT received multiple representations from trade and industry bodies seeking clarity on the applicability of this import restriction on the re-import of items exported under paragraphs 4.79 and 4.92 of the Handbook of Procedures, 2023.
The clarification from the DGFT states that the re-import of unsold jewellery, which was exported for the purpose of exhibitions abroad and falls under the specified ITC (HS) codes, will be allowed clearance by customs authorities without the need for import licenses, provided all applicable customs provisions are complied with.
This move aims to streamline the process for businesses involved in the international exhibition of jewellery, ensuring that they can re-import unsold items without facing additional bureaucratic hurdles.
For further information, businesses are advised to refer to the detailed guidelines issued by the DGFT.
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