On November 1, 2024, the Directorate General of Foreign Trade (DGFT) issued Public Notice No. 29/2024-25, extending the abeyance of Public Notice No. 05/2024, originally issued on May 27, 2024. This extension will remain in effect until December 31, 2024. Public Notice No. 05/2024 aimed to modify wastage permissible and Standard Input Output Norms (SIONs) concerning gold, platinum, and silver content in export items. Due to requests from the Gem & Jewellery Export Promotion Council (GJEPC), the original notice had previously been kept in abeyance multiple times, with the last extension to October 31, 2024. During this interim period, the wastage norms as per the Handbook of Procedures 2023 and SIONs M1 to M7, as they were prior to the issuance of Public Notice No. 05/2024, will be reinstated until the revision of new SIONs is finalized.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Public Notice No. 29/2024-25-DGFT | Dated: 1st November 2024
Subject: Further abeyance of Public Notice No. 05/2024 dated 27.05.2024 until 31.12.2024.
Whereas Public Notice No. 05/2024 dated 27.05.2024 had been issued to modify the wastage permissible and Standard Input Output Norms with reference to Gold/Platinum/Silver content in export item. However, keeping in view the representation of the Gem & Jewellery Export Promotion Council (GJEPC), Public Notice No. 05/2024 dated 27.05.2024 had been kept in abeyance till 31.07.2024 vide Public Notice No. 06/2024 dated 28.05.2024 and had been kept in abeyance till 31.08.2024 vide Public Notice No. 16/2024-2025 dated 29.07.2024 and had been kept in abeyance till 15.09.2024 vide Public Notice No. 20/2024-2025 dated 29.08.2024 and had been further kept in abeyance till 31.10.2024 vide Public Notice No. 23/2024-2025 dated 12.09.2024. The revision of new SIONs is under process.
2. Accordingly, DGFT in exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy 2023 as amended from time to time hereby places the Public Notice No. 05/2024 dated 27.05.2024 in abeyance for a further period up to 31st December, 2024. For the interim period, wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs Ml to M7 as existed prior to issuance of the said Public Notice No. 05/2024 dated 27.05.2024 stand restored.
Effect of the Public Notice: Public Notice No. 05/2024 dated 27.05.2024 is kept in abeyance till 31st of December, 2024.
(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)
