Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M- 1 to M-7 for export of jewellery

(To be published in the Gazette of India Extraordinary Part-I Section-I) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No 05/2024 New Delhi, Dated the 27" of May 2024

Subject: Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M- 1 to M-7 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: i, Amendments in Para 4.59 of Handbook of Procedures, 2023:

Para 4.59 (a) to (h) is amended as under:

SINo Items of export Percentage of wastage by weight with reference to Gold/ Platinum Silver content in export item Gold / platinum silver Plain jewellery, articles, and ornaments like Mangalsutra containing gold and blackbeads 0.5% 0.75 % a) /imitation stones, cubic zirconia diamonds, precious, semi-precious stones.

Studded jewellery and b) articles thereof 0.75 % 0.75 % (Mountings and findings manufactured (by non- mechanised c) process) indigenously 0.5 % 0.75 % Any jewellery/ articles manufactured by a fully 0.2% 0.2% d) mechanised process and unstudded.

(not applicable under Advance Authorisation) Mountings indigenously e) manufactured, used in studded 0.1% 0.1% jewelleryGold / _ silver / platinum medallions and coins (excluding 0.1% 0.1% coins of nature of legal tender) (not applicable under Advance Authorisation) Findings and mountings

8) manufactured by mechanized process| 0.1% 0.1% h) Gold religious idols (only Gods Plain Gold idols- 0.5% and Goddess) of 8 carats and above Studded Gold idols- 0.75% (upto 24 carats)

2. Amendment in Standard Input Output Norms (SION) Standard Input Output Norms (SION) M-1 to M-7 is modified as under: - SION Serial |Export Item Quantity [Import |[mport Item Quantity Number iS. No M1 Plain jewellery,}1 KG 1 Gold 1.005 KG articles, and| ornaments like (Mangalsutra :

containing gold and 2 Platinum 1.005 KG black beads /imitation stones, cubic zitconial 3 Silver 1.0075 KG diamonds, precious, semi- recious stones.

IM2 Studded jewellery|1 KG 1 Gold 1.0075 KG

and articles thereof :

therein: hose 2 Platinum 1.0075 KG

Rovere: Dy RIN 3 Silver 1.0075 KG M1 of G&J

Chapter.

IM3 Mountings and|l KG 1 Gold 1.005 KG findings manufactured (by 2 Platinum 1.005KG non-mechanised process) 3 Silver 1.0075 KG indigenously IM4 Any jewellery/1 KG 1 Gold 1.002 KG articles manufactured by al 2 Platinum 1.002 KG fully | mechanised| process and 3 Silver 1.002 KG lunstudded.

ioeIMS Mountings, 1KG 1 Gold 1.001 KG indigenously manufactured, used 2 Platinum 1.001 KG in the — studded!

ejewellee: 5 Silver 1.001 KG M6 Gold/ Silver/1 KG 1 Gold 1.001 KG Platinum medeliions _ and 2 Platinum 1.001 KG coins (excluding

the coins of nature : pf the liugal tended) 3 Silver 1.001 KG IM7 Gold/ silver/1 KG 1 Gold 1.001 KG platinum findings land mountings| 2 Platinum 1.001 KG manufactured by mechanized 3 Silver 1.001 KG rocess.

Note: Weight of mountings & findings of gold or silver, if imported & used in Export Product, will not be included for determining net content of gold and silver in Export Product.

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. at “arr yA” (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex-officio Additional Secretary to Government of India

Email:-dgft@nic.in (Issued from File No 01/94/180/104/AM24/PC-4)