This Public Notice has been superseded vide:- Public Notice No. 45/2024-25 Dated 04.02.2025
(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I SECTION-I)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Public Notice No. 30/2024-25
New Delhi, Dated: 1st November 2024
Subject: Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output (SION) M-1 to M-8 for export of jewellery
In exercise of the powers conferred under paragraph 1.03 & 2.04 of Foreign Trade Policy, 2023, as amended from time to time, the Director General of Foreign Trade makes the following amendment, which will be effective from 01st January 2025:
1. Amendments in Para 4.59 of Handbook of Procedures, 2023:
Para 4.59 (a) to (h) is amended as under:
|
Maximum wastage or manufacturing loss on gold/ silver/ platinum jewellery and articles thereof. |
|||
|
SI No |
Items of Export |
Percentage of wastage by weight with reference to Gold /Platinum /Silver content in export item |
|
| Gold /Platinum | Silver | ||
|
a)
|
Plain Jewellery and Articles, and ornaments like Mangalsutra containing gold and black beads /imitation stones, cubic zirconia diamonds, precious, semiprecious stones. a. Handcrafted b. Mechanized |
2.25 % 0.45% |
3.00% 0.50% |
|
b)
|
Studded Jewellery and articles thereof. a. Handcrafted b. Mechanized |
4.00% 2.80% |
4.00% 2.80% |
|
c)
|
Mountings
and
findings
manufactured
(by
non-mechanised process) Indigenously a. Handcrafted b. Mechanized |
2.0 % 0.40% |
2.50% 0.50% |
| d) | Any jewellery/ articles manufactured by a mechanised process and unstudded. (not applicable under Advance Authorisation) | 0.90% | 0.90% |
|
e) |
Mountings, whether imported or indigenously procured / manufactured, used in studded jewellery a. Handcrafted b. Mechanized |
1.50% 0.30% |
1.50% 0.30% |
| f) | Gold / silver / platinum medallions and coins (excluding coins of nature of legal tender) (not applicable under Advance Authorisation) | 0.20% | 0.20% |
| g) | Findings and mountings manufactured by mechanized process | 0.90% | 0.90% |
| h) |
Gold religious' idols (only gods and
goddess) of 8 carats and above (upto 24 carats) i. Handcrafted/Studded idols ii. Plain idols |
4.00% 2.00% |
4.00% 2.00% |
|
Note: 1. Weight of mountings & findings of gold or silver, if imported and used in Export Products, will not be included for determining net content of gold & silver in Export Product. 2. The export 1[of] [helldodold[or]helldod] mechanized plain and studded jewellery also includes some manual process. |
|||
2. Amendment in Standard Input Output Norms (SION)
Standard Input Output Norms (SION) M-1 to M-8 is modified as under: -
| SION SI No. | Export Item | Quantity | Import S. No | Import Item | Quantity |
|
M1 (a) |
Plain Jewellery and Articles, and ornaments like Mangalsutra
containing
gold and black beads/imitation stones, cubic zirconia diamonds,
precious, semi-precious stones. a. Handcrafted |
1 Kg |
1 | Gold | 1.0225 Kg |
| 2 | Platinum | 1.0225 Kg | |||
| 3 | Silver | 1.03 Kg | |||
|
M1 (b) |
Plain Jewellery and Articles, and ornaments like Mangalsutra
containing
gold
and black beads/imitation stones,
cubic
zirconia diamonds, precious, semi-precious stones.
b. Mechanized |
1 Kg | 1 | Gold | 1.0045 Kg |
|
2 |
Platinum |
1.0045 Kg | |||
| 3 | Silver | 1.005 Kg | |||
|
M2 (a) |
Studded
Jewellery
and articles thereof. a. Handcrafted |
1 Kg | 1 | Gold | 1.04 Kg |
| 2 | Platinum | 1.04 Kg | |||
| 3 | Silver | 1.04 Kg | |||
|
M2 (b) |
Studded Jewellery
and articles thereof. b. Mechanized |
1 Kg | 1 | Gold | 1.028 Kg |
| 2 | Platinum | 1.028 Kg | |||
| 3 | Silver | 1.028 Kg | |||
|
M3 (a) |
Mountings and findings manufactured (by non-1
mechanised process) Indigenously a. Handcrafted |
1 Kg
|
1 | Gold | 1.02 Kg |
| 2 | Platinum | 1.02 Kg | |||
| 3 | Silver | 1.025 Kg | |||
|
M3 (b) |
Mountings and findings manufactured (by
non-mechanised process) Indigenously
b. Mechanized |
1
Kg
|
1 | Gold | 1.004 Kg |
| 2 | Platinum | 1.004 Kg | |||
| 3 | Silver | 1.005 Kg | |||
| M4 | Any jewellery/ articles manufactured by a mechanised process and unstudded. (not applicable under Advance Authorisation) | 1 Kg | 1 | Gold | 1.009 Kg |
| 2 | Platinum | 1.009 Kg | |||
| 3 | Silver | 1.009 Kg | |||
|
M5 (a) |
Mountings, whether imported or indigenously
procured / manufactured, used in studded jewellery a. Handcrafted |
1Kg | 1 | Gold | 1.015 Kg |
| 2 | Platinum | 1.015 Kg | |||
| 3 | Silver | 1.015 Kg | |||
|
M5 (b) |
Mountings, whether imported or indigenously
procured / manufactured, used in studded jewellery b. Mechanized |
1Kg | 1 | Gold | 1.003 Kg |
| 2 | Platinum | 1.003 Kg | |||
| 3 | Silver | 1.003 Kg | |||
| M6 | Gold / silver / platinum medallions and coins (excluding coins of nature of legal tender) (not applicable under Advance Authorisation) | 1Kg | 1 | Gold | 1.002 Kg |
| 2 | Platinum | 1.002 Kg | |||
| 3 | Silver | 1.002 Kg | |||
| M7 | Findings and mountings manufactured by mechanized process | 1 Kg | 1 | Gold | 1.009 Kg |
| 2 | Platinum | 1.009 Kg | |||
| 3 | Silver | 1.009 Kg | |||
|
M8 (i) |
Gold religious' idols (only gods and
goddess) of 8 carats and above (upto 24 carats) i. Handcrafted/Studded idols |
1 Kg | 1 | Gold | 1.04 Kg |
| 2 | Platinum | 1.04 Kg | |||
| 3 | Silver | 1.04 Kg | |||
|
M8 (ii) |
Gold religious' idols (only gods and
goddess) of 8 carats and above (upto 24 carats) ii. Plain Idols |
1 Kg | 1 | Gold | 1.02 Kg |
| 2 | Platinum | 1.02 Kg | |||
| 3 | Silver | 1.02 Kg |
The wastage permissible and Standard Input Output Norms under the Handbook of Procedures, 2023 with regard to export of jewellery has been revised.
(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex-officio Additional Secretary to Government of India
Email:-dgft@nic.in
(Issued from File No 01/94/180/104/AM24/PC-4)
1. Substituted vide:- Corrigendum Dated 13.12.2024