Exports of Gems and Jewelry From Pakistan1
Transcript of Exports of Gems and Jewelry From Pakistan1
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EXPORTS OF GEMS AND
JEWELRY FROM PAKISTAN
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PRIMARY REQUIREMENTS FOR
EXPORT
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1) 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 gemstonesas may be recognized by the Federal
Government is mandatory for exporter.
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2) Registration with Export Promotion
Bureau (EPB)
Exporter of Jewelry and Gemstones shall registeritself with the Export Promotion Bureau (EPB) asexporter of Jewelry and Gemstones
The exporter along with this application willsubmit the following documents with EPB
Exporters request letter for registration onletterhead of the proprietorship concern,
partnership concern or of limited company as thecase may be
Dully filled application form
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3) NTN certificate
Copy and original of National Tax Number
(NTN) Certificate
4) National Identification Card
Copy and original of National Identity Card of
Proprietor, partners or directors as the casemay be.
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5) Membership certificate of Chamber
of Commerce and Industry
Copy and original of Certificate of Membership
of Chamber of Commerce and Industry
6) Membership certificate of
association
Copy and original of Certificate of Membership
of an Association of Jewelers and Gemstones.
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7) Jewelry pass book
Maintain a Jewelry Pass Book authenticated byExport Promotion Bureau (EPB) for placingentries of all exports
It incorporates information on: Name of exporter
Issuance date
Authorized signatures
Address Phone No., Fax, and E-mail
Export Registration No. and date etc.
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Other Requirements
8) Recommendation letter
Recommendation letter from Association ofJewelers and Gemstones
9) Sales tax registration numberOne can get Sales Tax, Registration No. by simplyfiling a dully filled in application tothe Sales Tax Department. No document is
required to be attached with the application10) Bank certificate
Bank Certificate in the name of Proprietorshipconcern, Firm or Company as the case may be
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EXPORT PROCEDURE
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Procedure in general
Export of gold jewelry shall be made according
to the usual Form E procedure of the StateBank of Pakistan.
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Form E
Form E will be issued by the Commercial Bankon the request of the exporter. It incorporatesinformation on:
Description of goods and parties; Terms of export;
Quantity and value of goods to be exported;
Name of country to which export is to be done;
Name and addresses of importer; Port of shipment; and
Name of carrying vessel
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For gold jewelry studded or embedded with
gemstones, the value of gemstones shall be
shown separately in the export documents
including Form E, clearly indicating therein the
kind, value and weight of gemstones of each
article.
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Criteria for Value Addition
In weighing of gold, variation of 1% shall beallowed between weight declared by theexporter and assessed by the Customs
Authorities; Export of gold jewelry shall be allowed with
minimum value addition as follows:
a.5% on gold bangles and chainsb.10% on other plain jewelry
c. 15% on studded or embedded jewelry
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