This public notice amends paragraph 4.59 of the Handbook of ...
Revised norms for precious metal wastage in jewelry exports.
Circulars DGFT
November 6, 2024
This public notice amends paragraph 4.59 of the Handbook of Procedures, 2023, and modifies the Standard Input Output Norms (SION) M-1 to M-8 for the export of jewellery. It revises the maximum permissible wastage or manufacturing loss percentages for various categories of gold, platinum, and silver jewellery and articles, distinguishing between handcrafted and mechanized production processes. The SION tables specify the quantities of gold, platinum, and silver required as inputs to produce one kilogram of different types of exported jewellery items. The revisions aim to align the norms with current industry practices and ensure efficient utilization of precious metals in jewellery exports.
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