This public notice from the Directorate General of Foreign Trade ...

Extension of Suspension on Gold, Platinum, Silver Export Norms Until Dec 31, 2024; Previous Norms Reinstated.

November 6, 2024

Circulars     DGFT

This public notice from the Directorate General of Foreign Trade (DGFT) further extends the abeyance of Public Notice No. 05/2024 dated 27.05.2024 regarding modification of wastage permissible and Standard Input Output Norms (SIONs) for Gold/Platinum/Silver content in export items until 31.12.2024. The previous extensions were granted until 31.07.2024, 31.08.2024, 15.09.2024, and 31.10.2024 based on representations from the Gem & Jewellery Export Promotion Council. During this interim period, the wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs M1 to M7 as existed prior to Public Notice No. 05/2024 stand restored. The revision of new SIONs is under process. This notice is issued by the DGFT under powers conferred by Paragraphs 1.03 and 2.04 of the Foreign Trade Policy 2023.

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