| PRIMARY REQUIREMENTS FOR EXPORT |
There are few primary requirements to be fulfilled by the person who wants to export Gold Jewelry and gemstones which are given below: |
| |
| Membership of one of the recognized Association of Jewelry and Gemstones |
Membership of ALL PAKISTAN GEM MERCHANTS AND JEWELLERS
ASSOCIATION, ALL PAKISTAN COMMERCIAL EXPORTERS OF ROUGH AND
UNPOLISHED PRECIOUS AND SEMI-PRECIOUS STONES ASSCIATION, or any
other Association for jewelry and gemstones as may be recognized by the Federal Government is mandatory for exporter |
| |
| Registration with Trade Development Authority Of Pakistan(TDAP) |
Exporter of Jewelry and Gemstones shall register itself with the Export Promotion Bureau (EPB) as exporter of Jewelry and Gemstones on application in the form as set out in Annexure A. The exporter along with this application will submit the following documents with EPB for registration as exporter of Gold Jewelry and Gemstones:
Exporters request letter for registration on letterhead of the proprietorship concern, partnership concern or of limited company as the case may be. Dully filled application form, as set out in Annexure A: An applicant must give details in this application including Name of firm, Postal address, Fax/e-mail, Phone No., Telex No., Name and address of branch office, in case the firm has any branch office, Status of firm i.e. whether it is a proprietorship/partnership concern or a limited company, Name of CC&I with whom affiliated, Declaration of proprietor, authorized partner or director |
| |
| NTN certificate |
Copy and original of National Tax Number (NTN) Certificate: One can have a National Tax Number in his name as proprietorship concern or in the name of partnership or company by filing an application for NTN to Income Tax Department. In case of partnership concern or company, the partners or the directors who previously do not have NTN number, must apply for NTN number on separate application to Income Tax Department. In case of proprietorship concern the proprietor will attach with the application an attested copy of CNIC (Copy of passport in case of a foreigner). In case of partnership concern attested copies of CNIC,s of all the partners and form C along with partnership deed will have to be attached. In case of a company attested copies of CNICs of the directors, article of association, memorandum of association, and incorporation.For further information CBR can help out (www.cbr.gov.pk) |
| |
| National Identification Card |
| Copy and original of National Identity Card of Proprietor, partners or directors as the case may be. |
| |
| Membership certificate of Chamber of Commerce and Industry |
Copy and original of Certificate of Membership of Chamber of Commerce and Industry: Documents required to apply for membership of LCC&I consist of Bank certificate in the name of Firm/Company, NTN Certificate, Photo copies of NIC of proprietor/partners/directors, Application on firm/company on letterhead for membership addressed to Secretary LCC&I, Copy of memorandum of Association and Articles of Association duly signed by director and copy of certificate of incorporation, In case of partnership concern attach copies of partnership and form C. |
| |
| Membership certificate of association |
| Copy and original of Certificate of Membership of an Association of Jewelers and Gemstones. |
| |
| Recommendation letter |
| Recommendation Letter from Association of Jewelers and Gemstones. |
| |
| Sales tax registration number |
One can get Sales Tax, Registration No. by simply filing a dully filled in application to the Sales Tax Department. No document is required to be attached with the application. |
| |
| Bank certificate |
| Bank Certificate in the name of Proprietorship concern, Firm or Company as the case may be. |
| |
| Jewelry Pass Book |
Maintain a Jewelry Pass Book authenticated by TDAP for placing entries of all export and import transactions as well as import entitlements and
actual imports and authenticated by the TDAP: It incorporates information on: |
| |
 |
Name of exporter |
|
Issuance date |
|
Authorized signatures |
|
Address |
|
Phone No, Fax, E-mail |
|
Export Registration No. and date |
|
Import Registration No. and date |
|
Registration No. as Exporter of Jewelry and Gemstones with date |
|
NTN No. of Exporter |
|
Sales Tax Registration Number |
|
Entrustment Scheme import of Jewelry |
|
Entrustment Scheme export of Gold Jewelry |
|
Export of locally procured Jewelry |
|
Export of Gemstones |
|
Payment for Jewelry exported in the form of Gold |
|
Import Entitlement of Gold Jewelry (24 KT) |
|
Actual import of Gold (24KT) |
|
Import entitlement for Gemstones (by value) |
|
Actual import of Gemstones (by value) |
|
| |
| Export Policy of Pakistan |
The Government has also introduced certain Schemes for the Export of gold jewelry and gemstones, present in the Export Procedure, through which exporter can get benefit by fulfilling certain conditions along with conditions mentioned above. The different schemes are as follows: |
| |
| Entrustment scheme |
The Entrustment Scheme provides for export of gold jewelry and articles, against gold
supplied as partial advance payment, by the foreign buyer, to the extent of the quantity of
gold including wastage used in the manufacturing of the exported items. Following is the procedure:
The exporter shall supply gold jewelry of contracted quantity of gold content within
(180) one hundred and eighty days from the date of import of gold into Pakistan, in
case of failure to export jewelry with 180 days, the exporter will pay leviable duties
and taxes on imported gold and 5% penalty of livable duty for first month and 10% for subsequent months.
The foreign buyer, exporter or authorized representative shall be allowed to send by
air or sea cargo or bring gold into Pakistan personally according to the following procedure, namely: |
| |
|
The exporter shall inform the Customs Authorities on a form (the
specimen of which is given as Annex. B) about arrival of gold or the
identity of the person bringing gold, and flight number by which he is
scheduled to arrive The application given as Annex B consists of two portions, in first portion the exporter will give following information:
Name of Pakistani exporter of gold jewelry, Full address of exporter,
Telephone and Fax Nos., TDAP Reg. No. (for gemstones/jewelry),
Quantity of gold in Gms/Tolas/Ozs (995.0/999.0/999.9 fineness), Name of
representative who is bringing gold with parentage, Passport No., Issue
date and place, Flight No., Date and approximate arrival time, Name of the overseas/foreign supplier, Stamps and Signature of exporter. |
| |
|
|
On arrival at the airport, any gold imported or brought in shall be declared
to the Customs authorities indicating there in the declaration quantity and
weight, or at the counter specially made for the incoming passengers with accompanied gold; |
| |
|
|
The consignment of gold shall be cleared immediately after the weighment
and examination under strict security and privacy according to import entitlement as per jewelry Pass Book in which entries shall be made by the Customs authorities about such import; |
| |
|
|
In case the verification of import entitlement is not possible at the time of arrival, due to any reason the consignment of gold shall be deposited with customs authorities or safe custody against a receipt and subsequent release on verification of import entitlement; |
| |
|
|
For the purpose of import of gold, the exporter shall deposit, with his bank
a cash margin equal to one per cent other value of gold to be imported and obtain from his bank a certificate as given as Annex. C. Provided that an exporter of gold jewelry, within average annual export performance of fifty million rupees in the last three fiscal years, shall be exempt from the one per cent cash margin requirement |
| |
|
|
The exporter shall, within thirty days from the date of export, submit to the bank an application to release the one per cent cash margin and attach thereto the invoice, shipping bill dully authenticated by Customs
authorities and the bank certificate in original evidencing the negotiation of documents |
| |
|
|
The bank shall maintain complete account consignment-wise of gold imported for execution of each export order, the exports effected and quantity of gold released against such export and at the end of each quarter, the bank shall submit a report to the TDAP in
the form as set out in Annex .D |
| |
|
| Note: |
|
Above-mentioned procedure, under Entrustment Scheme, shall also be
applicable in the same way to import gold jewelry for repair or remaking and re-export the same. |
| |
|
|
Import of gold and gemstones under this scheme shall be exempt from normal import tariffs. |
|
| |
| Self-consignment Scheme |
In case of export of gold jewelry and gemstones taken out by authorized representative of
an exporter on self-consignment basis, the following procedure shall be followed, namely |
| |
|
The exporter shall submit to the TDAP, an application in the form
as set out in Annex. E,in duplicate for export approval and import authorization and
such application shall be checked and verified by the Export Promotion Bureau and entries shall be made in the Jewelry Pass Book |
| |
|
|
The import authorization shall be valid for one hundred and twenty (120) days from
the date of departure of the exporter’s representative for bringing back gold and gemstones export proceeds and any unsold gold jewelry or gemstones |
| |
|
|
The jewelry Pass Book, duly authenticated by the TDAP, shall be
produced by the exporter’s incoming representative to the Customs Authorities on
arrival for clearance or release of gold, gemstones and any unsold jewelry and gemstones |
| |
|
|
The sale proceeds shall be realized, within two hundred and forty days from the date
of export, in foreign exchange through normal banking channels or partly in the form
of gold content of the jewelry exported including wastage and gemstones. In case of failure the exporter will be liable to a penalty equal to 1% of sale proceeds per month. |
| |
|
|
The unsold jewelry or gemstones shall be deposited with the Customs authorities and
shall be cleared against relevant entries in jewelry Pass Book, and a bill of entry shall be filed for such import of unsold jewelry or gemstones |
| |
|
|
Import entitlement for gold and gemstones, as well as import inputs, shall be entered in the jewelry Pass Book |
| |
|
|
Bill of entry for gold and gemstones imported in lieu of foreign exchange and for
unsold jewelry or gemstones shall be produced to the bank, through which
consignment was exported, within a period of one hundred and twenty days from the date of export. |
|
| |
