Abeyance of Public Notice No. 05/2024 dated 27.05.2024 - DGFT - Trade Notice No. 15/2024-2025

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Dated: 29.08.2024 Trade Notice No. 15/2024-2025 To, 1. All IEC Holders/Members of Trade and Industry. 2. All Export Promotion Councils/Commodity Boards/ Other Industry Associations. 3. All Regional Authorities of DGFT. 4. All Custom Authorities Subject: Abeyance of Public Notice No. 05/2024 dated 27.05.2024 - reg. Attention of Trade and Industry is invited to Public Notice No. 20/2024 dated 29.08.2024 vide which Public Notice No. 05/2024 dated 27.05.2024 (which had been issued to modify the wastage permissible and Standard Input Output Norms with reference to Gold/Platinum/Silver content in export item) has been kept in abeyance up to 15th of September, 2024. 2. This Directorate is proposing revised wastage norms for Gold/ Platinum/ Silver jewellery based on the industry visits in different units/ locations. 3. Revised wastage norms are annexed herewith as Annexure 1. 3. Trade and Industry is advised to utilise this opportunity and submit any inputs/ comments within 7 days from the from the date of issuance of this Trade Notice to the Norms Committee at the following e-mail id: [email protected] 4. This issues with the Competent Authority (K.M Harilal) Jt. Director General of Foreign Trade DGFT Hq Email: [email protected] Mob- 9946946774 (Issued from File No.: 01/94/180/104/AM24/PC-4) Annexure 1 Sl. No. Items of Export Percentage of wastage by Weight with reference to Gold/ Platinum/Silver content in export item Gold/ Platinum Silver 1 Plain jewellery and, articles and ornaments like Mangal sutra containing gold and black beads etc. Existing (as per PN No. 05/2024) Proposed Existing (as per PN No. 05/2024) Proposed Handcrafted 0.5% 1.5% 0.75% 1.75% Partly Mechanized - 0.5% - 0.5% 2 Studded jewellery and articles thereof Handcrafted 0.75% 2% 0.75% 2.25% Partly Mechanized - 1.5% - 1.75% 3 Mountings/Findings manufactured Handcrafted 0.5% 1% 0.75% 1.25% Partly Mechanized 0.1% 0.5% 0.1% 0.5% 4 Gold/silver/platinum medallions and coins (excluding coins of nature of legal tender) (not applicable under Advance Authorisation) 0.1% 0.2% 0.1% 0.2% 5 Gold religious idols (only gods and goddess) of 8 carats and above (up to 24 carats) Plain gold idols 0.5% 1% 0.5% 1.25% Studded gold idols 0.75% 1.5% 0.75% 1.75% 6 Any jewellery/ article manufactured by a partly mechanized processes and unstudded (not applicable under Advance Authorisation) 0.2% 0.5% 0.2% 0.5%