Académique Documents
Professionnel Documents
Culture Documents
Value
%age
221
288
641.677
407.347 (234.330)
(36.52)
S. No
SECTOR
Value
%age
587.195
280.186
307.009
109.57
%age share of Gems & Jewellery in Minerals & Metals Exported from Pakistan(2010-11)
Sr. # 1 Product Petroleum Products %age 67.98
80
%age Share
70 67.98 60 50
40
2
3 4 5 6 7 8 9 10 11
20.43
5.95 3.03 1.46 0.39 0.36 0.15 0.10 0.05 0.03
30
20.43
20 10
0
5.95
3.03
1.46 0.39 0.36 0.15 0.1 0.05 0.03 0.03 0.02 0.01
12
13 14
Coal
Manganese Ore Others
0.03
0.02 0.01
PAKISTAN GEMS
Geologically, Khyber Pukhtoonkhwa, FATA, Northern Areas and Baluchistan (alongwith the border of Afghanistan) and Azad Kashmir represent the favorable environment for the formation of precious and semi-precious gemstones. The loftiest mountains of the world, the Hindukush, Karakoram and Himalayan mountains host almost entire gem potential of Pakistan including fascinating mineral specimen. Major potential deposits of Gemstones include Emerald, Ruby, Topaz, Aquamarine, Periodot etc. Mining of Gemstones in Pakistan is being done through primitive methods and subsequent cutting & polishing of stones is also traditional not matching to international standards. Pakistan also lacks in fashion designing and sophisticated cutting & polishing of stones. This is the main reason that Pakistan has not been able to penetrate in the international market which is evident from the fact that Pakistans share in Gemstones export is less then 1% i.e. US$3.81 Million in 2010-11 in the total world exports of around US$ 93 billion.
Northern Areas
Pakistan
2%
(10-11)
0 0 116330 0 14237375 4110 1461169 0 5500 18270 0
(09-10)
16 3269 741151 1833 27692299 0 4275599 2100 193870 283896 5
% Change
(100.00) (100.00) (84.30) (100.00) (48.59) #DIV/0! (65.83) (100.00) (97.16) (93.56) (100.00)
(09-10)
0.001 0.000 0.152 0.033 2.930 0.465 0.000 0.016 0.144 0.000
% Change
(100.00) (100.00) 23.55 (100.00) 8.41 #DIV/0! (6.31) (100.00) (95.01) (97.81) (100.00)
71021000 UNSORTED, (ROUGH) DIAMONDS GM OTH NON-IND DIAMOND 71023900 WORK,N-MOU GM UN-WORKED/SIMPLY SAWN PRE71031000 STON GM RUBIES,SAPPHIRE,EMERALD 71039100 WORKED GM OTH SEMI/PRE STONES WORKED 71039900 N.S GM 71041000 PIEZO-ELECTRIC QUARTZ OTH UN-WORKED SAWN,SYN 71042000 PRE STO OTH SYN/RECONSTI SEM/PRE 71049000 STONE OTH DUST/POWDER NAT SYN 71059000 PRE ST GM GM GM KG
TOTAL GEMS
3.805
3.741
1.70
1 2 3 4 5 6 7 8 9 10
U.S.AMERICA U.A.E. UNITED KINGDOM HONG KONG GERMANY THAILAND CANADA OTHER COUNTRIES INDIA JAPAN
1.102 0.565 0.393 0.389 0.280 0.238 0.159 0.126 0.109 0.084
1.211 0.524 0.348 0.476 0.329 0.132 0.145 0.090 0.152 0.105
(0.109) 0.041 0.045 (0.087) (0.049) 0.106 0.014 0.036 (0.043) (0.021)
(9.00) 7.82 12.93 (18.28) (14.89) 80.30 9.66 40.00 (28.29) (20.00)
GEMS
Reasons for Insignificant Export of Gems Gems from Pakistan are generally exported as embedded part of the jewellery. Mining of Gemstones in Pakistan is being done through primitive methods and subsequent cutting & polishing of stones is also traditional not matching to international standards. Pakistan also lacks in fashion designing and sophisticated cutting & polishing of stones. Security concerns in areas which host almost entire gemstones potential of Pakistan.
Government has allowed jewellery industry as zero rated. In case any exporter of gold jewellery uses duty-paid raw materials procured from the local market, duty drawback shall be admissible according to the standard duty drawback system. Refund of sales tax, if paid, shall be allowed according to the Sales Tax Refund Rules of 2005.
Procedure of valuation and custom has been streamlined in a joint meeting of Customs, ASF and TDAP on 24-10-2009 and in subsequent meetings. This helped in streamlining the unhindered flow of Gems & Jewellery exports by encouraging the traders. Self financing scheme is adopted to facilitate Gems & Jewellery exporters for visiting promising markets for the enhancement of their exports.
EXPORT REQUIREMENTS
Membership of one of the recognized Association of Jewelry and Gemstones Registration with Trade Development Authority Of Pakistan(TDAP) NTN certificate National Identification Card Membership certificate of Chamber of Commerce and Industry Membership certificate of association Recommendation letter Sales tax registration number Bank certificate Jewelry Pass Book
Wastage of Gold:
Gold wastage or manufacturing loss in the production of gold jewelry shall be allowed 2% of plain gold jewelry & 10% on studded and embedded jewelry.
Value Addition:
Export of gold jewelry shall be allowed with minimum value addition as provided in clause (c) of para 8, given below: a) 5% on gold bangles and chains; b) 10% on other plain jewelry; and c) 15% on studded or embedded jewelry.
IMPORT PROCEDURES
1. Arrival of Goods at Customs Port: Appraisal, where the goods are physically verified and customs duty is assessed Appraisal where the actual or final duty is calculated and levied upon the importer.
2. Filing and Examination of Bills of Entry: The customs clearance process starts with the arrival of cargo ship, plane or other carrier of goods in the country on the designated sea, land and air ports. Upon arrival of the goods at the customs port, the port authorities issue the Import General Manifest (IGM) to each shipment. It is a number indicating the serial of the shipment arrived during the year. Upon receipt of the IGM the consignment is further indexed to allow for a systematic reference of all goods received. After issuing this number, the shipment is off loaded and sent back to port warehouse. 3. Assessment of customs duty
Invoice of shipment Packing List Bill of Lading Copy of letter of credit or contract
Development
Survey & Exploration of New Promising areas of Gemstones by Geological Survey of Pakistan. Modern Technology for Safe & Sophisticated Mining & Extraction.