The Ministry of Commerce & Industry has issued an update in the Gazette of India announcing an important amendment to the Handbook of Procedures, 2023, to further streamline jewellery exports. The Directorate General of Foreign Trade (DGFT) issued a public notice dated 13th November adding Amritsar Airport as an authorised export point for gold, silver, and platinum jewellery.
The inclusion of Amritsar Airport comes after persistent efforts by the GJEPC, which has been consistently advocating for streamlining export procedures and promoting regional growth within the industry. This move will significantly boost the export potential of precious jewellery, especially for businesses in Punjab and surrounding areas.
Previously, exports of precious jewellery under relevant schemes were allowed by airfreight and Foreign Post Offices through Customs Houses located in 12 major cities including Mumbai, Kolkata, Delhi, Chennai, and Jaipur among others. This limited the options for exporters, particularly those situated in northern regions.
This latest amendment outlines the specific details regarding the addition of Amritsar Airport as an export hub and remains in effect immediately.
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