TO BE PUBLISHED IN THE GAZETTE OF
INDIA EXTRAORDINARY PART-I, SECTION-I
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY '
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE NO. 51/2015-2020
NEW DELHI : Dated the 30 November, 2018
Subject: Wastage Norms and Value
Addition in respect of Gold religious idols (only gods and goddess) of 8 carats
and above (upto 24 carats) under Para 4.60 and 4.61 of HBP 2015-20 - reg.
In exercise of powers conferred under paragraph 1.03 of the Foreign Trade
Policy, 2015-2020, as amended from time to time, the Director General of Foreign
Trade makes the following amendment in Hand Book of Procedures 2015-2020.
2. In Para 4.60 - Wastage Norm, the following are added at the end of the table:
|
h) |
Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats) |
Percentage of wastage Plain Gold idols - 2.5% Studded Gold idols-5% |
3. In Para 4.61 - Value Addition, the following are added at the end of the
table:
|
f) |
Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats) |
10% in case of plain gold religious idols (Non studded) 14% in case of gold religious idols studded with colour gem stones, 15% in case of gold religious idols studded with diamonds |
4. Effect of this Public Notice: Wastage Norms and Value Addition in respect of Gold religious idols (only gods and goddess)- both plain and studded, of 8 carats and above (upto 24 carats) are prescribed in Para 4.60 and 4.61 of the HBP.
(Alok Vardhan Chaturvedi)
Director General of Foreign Trade &
Ex-officio Additional Secretary to Government of India
Email: dgft@nic.in
(Issued from File No.01/94/180/236/AM19/PC-4)