I (Meaning and importance of Exports) Unit Structure

(b) Handlooms and Handicrafts Sector 
 
The following are the special focus initiatives for promoting 
the export of handlooms and handicrafts sector, under 
FTP
2004-09
. 
Extension of facilities like enhancing duty free import of 
trimmings and embellishments for handlooms and handicrafts. 
Exemption of samples from countervailing duty. Authorizing 
handicraft export promotion council to import trimmings, 
embellishments and samples for small manufactures. 
Establishment of a new handicraft special economic zone. 
(c) Gems and Jewellery Sector 

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To promote the exports of gems and jewellery sector, the 
following are the initiative under 
FTP 2004-09
. 
Permission for duty free import of consumables for metals 
other gold and platinum up to 2% for FOB value of exports. 
Duty free re-import entitlement for rejected jewellery allowed 
up to 2% FOB value of exports.
Increase in duty free import of commercial samples of 
jewellery to Rs. 1 lakh. 
Permission to import gold of 18 carat and above under the 
replenishment scheme. 
(d) Leather and Footwear Sector
To promote the export of leather and footwear sector, the 
following are the special focus initiative under 
FTP 2004-09
. 
Duty free import of trimming and embellishments up to 3% 
and 5% of the FOB value of exports, for duty free import of 
specified items. 
Reduction in the incidence of customs duties on the inputs 
and on plant and machinery. 
Import of machinery and equipment for effluent treatment 
plants for leather industry exempted from customs duty. 
Re-export of unsuitable imported materials has been 
permitted. 
In brief it is to be noted that the threshold limit of designated 
„Towns Of Export Excellence‟ has been reduced from Rs. 1,000 
crores to Rs. 2.50 crores, in the all the above thrust sectors.