Government eases curbs on certain gold jewellery exports from EOUs

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New Delhi | Published: August 14, 2017 10:34:54 PM

The government today permitted export of jewellery and articles having 8-22 carats of gold from Export Oriented Units (EOUs).

EOUs, jewellery exports, Export Oriented Units, government on EOU, government on EOUs, EHTPs, Electronic Hardware Technology Parks, Software Technology Parks, Bio Technology Parks, DGFT, gold jewellery exportsThe same is also applicable on jewellery and articles containing gold from domestic tariff area. (Image: IE)

The government today permitted export of jewellery and articles having 8-22 carats of gold from Export Oriented Units (EOUs). Earlier, there were certain restrictions with regards to jewellery and articles containing gold from EOUs, Electronic Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio Technology Parks (BTPs).

As per the amendment in the Foreign Trade Policy 2015- 20, “export of gold jewellery, including processed jewellery, whether plain or studded and articles, containing gold of 8 carats and above upto a maximum limit of 22 carats only shall be permitted” from EOUs, EHTPs, STPs and BTPs.

The same is also applicable on jewellery and articles containing gold from domestic tariff area. Meanwhile, the Directorate General of Foreign Trade (DGFT) has permitted export of certain quantities eggs and pulses to Maldives under bilateral trade agreement between India and Maldives during 2017-18.

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