The Directorate General of Foreign Trade (DGFT) issued Trade Notice No. 15/2024-2025 on August 29, 2024, announcing the abeyance of Public Notice No. 05/2024, which had previously revised the wastage permissible and Standard Input Output Norms (SION) for gold, platinum, and silver content in export items. This suspension, effective until September 15, 2024, allows the DGFT to propose revised wastage norms based on industry feedback and observations. The notice includes a revised set of wastage norms for various categories of jewelry and related items, as detailed in Annexure 1. Industry stakeholders are encouraged to submit their comments on these proposed norms within seven days to the Norms Committee via email. The decision reflects ongoing adjustments to ensure industry standards are accurately aligned with operational realities.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Trade Notice No. 15/2024-2025-DGFT | Dated: 29.08.2024
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
| SI. 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% |
