(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. 45/2024-25
New Delhi, Dated: 04 February 2025
Subject: Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (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, with immediate effect:
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, semi-precious stones. a. Handcrafted a. Mechanized |
2.25 % 0.90% |
3.00% 0.90% |
| b) |
Studded Jewellery and articles thereof. a. Handcrafted b. Mechanized (jewellery manufactured and studded by machines) |
4.00% |
4.00% |
| c) |
Mountings and findings manufactured indigenously a. Handcrafted b. Mechanized 0.50% |
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. 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 | 1.009 Kg |
| 2 | Platinum | 1.009Kg | |||
| 3 | Silver | 1.009 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 (jewellery manufactured and studded by machines) |
1 Kg
|
1 | Gold | 1.028 Kg |
| 2 | Platinum | 1.028 Kg | |||
| 3 | Silver | 1.028 Kg |
| SION SI No. | Export Item | Quantity | Import S. No | Import Item | Quantity |
|
M8 (1) |
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 |
Effect of this Public Notice: The wastage permissible and Standard Input Output Norms under the Handbook of Procedures, 2023 with regard to export of jewellery and article has been revised. The Public Notice No. 30 dated 01.11.2024 had been superseded by this Public Notice.
(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)