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 - DGFT - 30/2024-25

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 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, which will be effective from 01 st 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, semi-precious 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 or 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: - 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- 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 1 Kg 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 1 Kg 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) 1 Kg 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 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 e-mail: [email protected] [Issued from File No 01/94/180/104/AM24/PC-4]