Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M- 1 to M-7 for export of jewellery - DGFT - 05/2024

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan Public Notice No. 05/2024 New Delhi, Dated the 27th May 2024 Subject: Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M-1 to M-7 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: 1. Amendments in Para 4.59 of Handbook of Procedures, 2023 : ((i) is kept in abeyance till 1st of October, 2024 ) [1] Para 4.59 (a) to (h) is amended as under: 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, articles, and ornaments like Mangalsutra containing gold and blackbeads /imitation stones, cubic zirconia diamonds, precious, semi-precious stones. 0.5 % 0.75 % b) Studded jewellery and articles thereof 0.75 % 0.75 % c) Mountings and findings manufactured (by non- mechanised process) indigenously 0.5 % 0.75 % d) Any jewellery/ articles manufactured by a fully mechanised process and unstudded. (not applicable under Advance Authorisation) 0.2 % 0.2 % e) Mountings indigenously manufactured, used in studded jewellery 0.1 % 0.1 % f) Gold / silver / platinum medallions and coins (excluding coins of nature of legal tender) (not applicable under Advance Authorisation) 0.1% 0.1% g) Findings and mountings manufactured by mechanized process 0.1% 0.1% h) Gold religious idols (only Gods and Goddess) of 8 carats and above (upto 24 carats) Plain Gold idols- 0.5% Studded Gold idols- 0.75% 2. Amendment in Standard Input Output Norms (SION) Standard Input Output Norms (SION) M-1 to M-7 is modified as under: - SION Serial Number Export Item Quantity Import S. No Import Item Quantity M1 Plain jewellery, articles, and ornaments like Mangalsutra containing gold and black beads /imitation stones, cubic zirconia diamonds, precious, semi-precious stones. 1 KG 1 Gold 1.005 KG 2 Platinum 1.005 KG 3 Silver 1.0075 KG M2 Studded jewellery and articles thereof other than those covered by SION M1 of G J Chapter. 1 KG 1 Gold 1.0075 KG 2 Platinum 1.0075 KG 3 Silver 1.0075 KG M3 Mountings and findings manufactured (by non-mechanised process) indigenously. 1 KG 1 Gold 1.005 KG 2 Platinum 1.005 KG 3 Silver 1.0075 KG M4 Any jewellery/ articles manufactured by a fully mechanised process and unstudded. 1 KG 1 Gold 1.002 KG 2 Platinum 1.002 KG 3 Silver 1.002 KG M5 Mountings, indigenously manufactured, used in the studded jewellery 1 KG 1 Gold 1.001 KG 2 Platinum 1.001 KG 3 Silver 1.001 KG M6 Gold/ Silver/ Platinum medallions and coins (excluding the coins of nature of the legal tender). 1 KG 1 Gold 1.001 KG 2 Platinum 1.001 KG 3 Silver 1.001 KG M7 Gold/ silver/ platinum findings and mountings manufactured by mechanized process. 1 KG 1 Gold 1.001 KG 2 Platinum 1.001 KG 3 Silver 1.001 KG Note: Weight of mountings findings of gold or silver, if imported used in Export Product, will not be included for determining net content of gold and silver in Export Product. 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 has been revised. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex- officio Addl. Secretary to the Government of India Email: [email protected] (Issued from File No 01/94/180/104/AM24/PC-4) *************** NOTES:- 1 . Since kept in abeyance till 31 st of August, 2024 vide Public Notice No. 16/2024-25 dated 29-07-2024 before it was read as, 31 st of July, 2024 Since kept in abeyance till 15 th of September, 2024 vide Public Notice No. 20/2024-25 dated 29-08-2024 before it was read as, 31 st of August, 2024 Since kept in abeyance till 31st of October, 2024 vide Public Notice No. 23/2024-2025 dated 12-09-2024 before it was read as, ​​​​​​​​​​​​​​ 15 th of September, 2024 ​​​​​​​ Since kept in abeyance till 31 st of December, 2024 vide Public Notice No. 29/2024-25 dated 01-11-2024 before it was read as, ​​​​​​​ 31st of October, 2024​​​​​​​