Public Notice No. 30/2024-25-DGFT, issued on November 1, 2024, by the Directorate General of Foreign Trade, announces amendments to Paragraph 4.59 of the Handbook of Procedures, 2023, and modifications to the Standard Input Output Norms (SION) for the export of jewelry, effective from January 1, 2025. The amendments specify maximum permissible wastage or manufacturing losses for gold, silver, and platinum jewelry based on the type of item and the manufacturing process, differentiating between handcrafted and mechanized products. Additionally, SIONs M-1 to M-8 are updated to reflect changes in the quantities of gold, platinum, and silver required for various jewelry exports. These changes aim to streamline the export process and ensure compliance with the updated standards for jewelry manufacturers and exporters.
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-DGFT | Dated: 01st 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 01st 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 | 2.25 % | 3.00% | |
| b. Mechanized | 0.45% | 0.50% | |
| b) | Studded Jewellery and articles thereof. | ||
| a. Handcrafted | 4.00% | 4.00% | |
| b. Mechanized | 2.80% | 2.80% | |
| c) | Mountings and findings manufactured (by non- mechanised process) Indigenously | ||
| a. Handcrafted | 0.40% | 0.50% | |
| b. Mechanized | 2.0 % | 2.50% | |
| 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 | 1.50% | 1.50% | |
| b. Mechanized | 0.30% | 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 | 4.00% | 4.00% | |
| ii. Plain idols | 2.00% | 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. |
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2. Amendment in Standard Input Output Norms (SION)
Standard Input Output Norms (SION) M-1 to M-8 is modified as under: –
| SION 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 |
1Kg | 1 | Gold | 1.0225Kg |
| 2 | Platinum | 1.0225Kg | |||
| 3 | Silver | 1.03 Kg | |||
| M1 | Plain Jewellery and Articles, and ornaments like Mangalsutra containing gold and black beads/imitation stones, cubic zirconia diamonds, precious, semi-precious stones. | 1Kg | 1 | Gold | 1.0045Kg |
| 2 | Platinum | 1.0045Kg | |||
| 3 | Silver | 1.005Kg | |||
| M2 (a) | Studded Jewellery and articles thereof.
a. Handcrafted |
1 Kg | 1 | Gold | 1.04Kg |
| 2 | Platinum | 1.04Kg | |||
| 3 | Silver | 1.04Kg | |||
| M2
(b) |
Studded Jewellery and articles thereof.
b. Mechanized |
1 Kg | 1 | Gold | 1.028Kg |
| 2 | Platinum | 1.028Kg | |||
| 3 | Silver | 1.028Kg | |||
| M3 (a) | Mountings and findings manufactured (by non-1 mechanised process) Indigenously
a. Handcrafted |
1Kg | 1 | Gold | 1.02 Kg |
| 2 | Platinum | 1.02 Kg | |||
| 3 | Silver | 1.025Kg | |||
| M3 (b) | Mountings and findings manufactured (by non-1 mechanised process) Indigenously
b. Mechanized |
1Kg | 1 | Gold | 1.004Kg |
| 2 | Platinum | 1.004Kg | |||
| 3 | Silver | 1.005Kg | |||
| 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 |
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| 3 | Silver | 1.009 Kg |
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| M5
(a) |
Mountings, whether imported or indigenously procured / manufactured, used in studded jewellery
a. Handcrafted |
1Kg | 1 | Gold | 1.015Kg |
| 2 | Platinum | 1.015kg | |||
| 3 | Silver | 1.015Kg | |||
| M5
(b) |
Mountings, whether imported or indigenously procured / manufactured, used in studded jewellery
b. Mechanized |
1Kg | 1 | Gold | 1.003 Kg |
| 2 | Platinum | 1.003 Kg |
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| 3 | Silver | 1.003 Kg |
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| M6 | Gold / silver / platinum medallions and coins (excluding coins of nature of legal tender) (not applicable under Advance Authorisation) | 1Kg | 1 | Gold | 1.002Kg |
| 2 | Platinum | 1.002Kg | |||
| 3 | Silver | 1.002Kg | |||
| M7 | Findings and mountings manufactured by mechanized process | 1Kg | 1 | Gold | 1.009Kg |
| 2 | Platinum | 1.009Kg | |||
| 3 | Silver | 1.009Kg | |||
| M8
(i) |
Gold religious’ idols (only gods and goddess) of 8 carats and above (upto 24 carats)
i. Handcrafted/Studded idols |
1Kg | 1 | Gold | 1.04Kg |
| 2 | Platinum | 1.04Kg | |||
| 3 | Silver | 1.04Kg | |||
| M8 (ii) | Gold religious’ idols (only gods and goddess) of 8 carats and above (upto 24 carats)
ii. Plain Idols |
1Kg | 1 | Gold | 1.02Kg |
| 2 | Platinum | 1.02Kg | |||
| 3 | Silver | 1.02Kg |
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 Additional Secretary to Government of India
Email:[email protected]
(Issued from File No 01/94/180/104/AM24/PC-4)
