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. - DGFT - 51/2015-2020

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 V. Chaturvedi) Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India Email: [email protected] (Issued from File No. 01/94/180/236/AM19/PC-4 )