Home› India› Ministry of Commerce and Industry› Amendment in 4 59 of Handbook of Procedures 2023 and modific...
Date: 28-May-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in 4 59 of Handbook of Procedures 2023 and modification in Standard Input Output Norms SION M 1 to M7 for export of jewellery

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • This gazette notification announces amendments to the Foreign Trade Policy 2023, specifically concerning the export of jewellery. It revises the permissible wastage percentages and Standard Input Output Norms (SION) for various categories of jewellery exports as outlined in the Handbook of Procedures, 2023.

Key Changes

  • Para 4.59 of the Handbook of Procedures, 2023 is amended, revising the percentage of wastage by weight with reference to Gold/ Platinum / Silver content in export items.
  • For plain jewellery like Mangalsutra containing gold and black beads/imitation stones, cubic zirconia diamonds, precious, semi-precious stones, the wastage percentage is revised to 0.5% for Gold/Platinum and 0.75% for Silver.
  • For studded jewellery and articles thereof, the wastage percentage is 0.75% for both Gold/Platinum and Silver.
  • For mountings and findings manufactured indigenously (by non-mechanised process), the wastage percentage is revised to 0.5% for Gold/Platinum and 0.75% for Silver.
  • For jewellery/articles manufactured by a fully mechanised process and unstudded, the wastage percentage is 0.2% for both Gold/Platinum and Silver (not applicable under Advance Authorisation).
  • For mountings indigenously manufactured, used in studded jewellery the wastage percentage is 0.1% for both Gold/Platinum and Silver.
  • For Gold/ silver / platinum medallions and coins (excluding coins of nature of legal tender), the wastage percentage is 0.1% for both Gold/Platinum and Silver (not applicable under Advance Authorisation).
  • For Findings and mountings manufactured by mechanized process, the wastage percentage is 0.1% for both Gold/Platinum and Silver.
  • For Gold religious idols (only Gods and Goddess) of 8 carats and above (upto 24 carats), the wastage percentage is 0.5% for plain gold idols and 0.75% for studded gold idols.
  • Standard Input Output Norms (SION) M-1 to M-7 are modified, specifying the quantity of Gold, Platinum, and Silver allowed as input for 1 KG of various export items.
  • A note clarifies that the 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.

Impact Analysis

Exporters of Jewellery

  • Action Items: Exporters need to assess and optimize their manufacturing processes to minimize wastage and efficiently utilize the inputs as per the revised SION.

Manufacturers of Mountings and Findings

  • Action Items: Manufacturers who import mountings & findings of gold or silver need to ensure that the weight of these items is excluded for determining net content of gold and silver in Export Product.

Customs Authorities

  • Action Items: Customs authorities need to verify the manufacturing process (mechanised vs. non-mechanised) to ensure correct wastage allowances are applied.

DGFT (Directorate General of Foreign Trade)

  • Action Items: DGFT should address any queries or clarifications sought by exporters and other stakeholders regarding the new regulations.

Key Entities Referenced

Director General of Foreign Trade (DGFT): The authority responsible for making amendments to the Foreign Trade Policy, 2023. Foreign Trade Policy, 2023: The overarching policy framework governing India's foreign trade, which is amended from time to time. Handbook of Procedures, 2023: A detailed guide providing operational procedures related to the Foreign Trade Policy, 2023. It contains Para 4.59 which has been amended. Standard Input Output Norms (SION): Norms specifying the quantity of inputs required for producing a unit of output for export purposes. SION M-1 to M-7 have been modified. Ministry of Commerce and Industry: The parent ministry of the Directorate General of Foreign Trade.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-29052024-254419 xxxGIDHxxx CG-DL-E-29052024-254419 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 141] नई दिल्ली, मगं लवार, मई 28, 2024/ज्य ष्े ठ 7, 1946 No. 141] NEW DELHI, TUESDAY, MAY 28, 2024/JYAISHTHA 7, 1946 ubZ fnYyh] 27 ebZ] 2024 .—le;≤ ij ;Fkk la'kksf/kr fons'k O;kikj uhfr] 2023 ds iSjkxzkQ 1-03 vkSj 2-04 ds rgr iznÙk 'kfDr;ks a dk Ikz;ksx djrs gq,]egkfun’s kd]fon's k O;kikj fuEufyf[kr la'kks/ku djr s gSa%& iSjk 4-59 ¼d½ ls ¼t½ dk s fuEukuqlkj la'kksf/kr fd;k x;k gS% ¼d½ lksuk vkSj dkys eud¨a@cukoVh uxhuk] Äukdkj ftjd¨fu;k ghjs] dherh vkSj v)Z&dherh uxhu¨a lfgr exa ylw= tSls 0.5 % 0.75 % lgt vkÒw"k.k] oLrq,a vkSj vkÒw"k.k] 3231 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] ¼[k½ tfM+r vkHkw"k.k vkSj mudh oLrq,a 0.75 % 0.75 % ¼x½ Lon's kh :i ls fofufeZr ¼xSj&eSdsukÃTM ÁfØ;k }kjk½ ekmfVaXl ,oa QkbufMaXl 0.5 % 0.75 % ¼?k½ ,d iw.kZ :i ls eSdsukÃTM vkSj xSj tfM+r ÁfØ;k }kjk fofufeZr d¨Ã vkÒw"k.k@oLrq,a ¼vfxze izkf/kdkj&i= ds varxZr ykxw ugha½ 0.2 % 0.2 % ¼M-½ tfM+r vkÒw"k.k eas Á;qä ekmfVXa l] pkgs vk;kfrr vFkok Lons'kh :i ls ÁkIr@ fofufeZr g¨aA 0.1 % 0.1 % ¼p½ l¨u@s pkanh@IyfsVue ds ind vkSj flôs ¼oS/k eqæk Ádkj ds fLkDdka s dks NksM+dj½ ¼vfxze izkf/kdkj&i= ds varxZr ykxw ugha½ 0.1% 0.1% ¼N½ eSdsukÃTM ÁfØ;k }kjk fofufeZr QkbufMaXl vkSj ekmufVXa l 0.1% 0.1% ¼t½ lksus dh /kkfedZ efwrZ;ka ¼dsoy nsorkvks a vkSj lkekU; lkus s dh efwrZ;ka - 0.5% nfso;ksa½ tks 8 dSjsV ;k vf/kd ¼24 dSjV rd½ gksAa tfM+r lksus dh efwrZ;ka–0.75% 2. ekud buiqV vkmViqV ekunaM¼flvkWu½ M1 ls M7 dks fuEukulq kj la'kksf/kr fd;k x;k gS%& lksuk vkSj dkys eud¨a@cukoVh 1 fd- xzk- 1 lksuk 1.005 fd- xzk- uxhuk] Äukdkj ftjd¨fu;k ghjs] dherh vkSj v)Z&dherh uxhu¨a 2 IyfsVue 1.005 fd- xzk- lfgr eaxylw= tSls lgt vkÒw"k.k] 3 pk¡nh 1.0075 fd- xzk- oLrq,a vkSj vkÒw"k.k flvkWu ds v/;k; N vkSj ´ ds M1 1 fd- xzk- 1 lksuk 1.0075 fd- xzk- ds varxZr vkus okyh oLrqvks a dks NksM+dj tfMr vkHkw"k.k vkSj oLrq,a 2 IyfsVue 1.0075 fd- xzk- 3 pk¡nh 1.0075 fd- xzk- Lon's kh :i ls fofufeZr 1 fd- xzk- 1 lksuk 1.005 fd- xzk- ¼xSj&eSdsukÃTM ÁfØ;k }kjk½ ekmfVXa l ,oa QkbufMaXl 2 IyfsVue 1.005fd- xzk- 3 pk¡nh 1.0075 fd- xzk- ,d iw.kZ :i ls eSdsukÃTM vkSj xSj 1 fd- xzk- 1 lksuk 1.002 fd- xzk- tfM+r ÁfØ;k }kjk fofufeZr d¨Ã vkÒw"k.k@oLrq,a 2 IyfsVue 1.002 fd- xzk- 3 pk¡nh 1.002 fd- xzk- tfM+r vkÒw"k.k eas Á;qä ekmfVXa l] 1 fd- xzk- 1 lksuk 1.001 fd- xzk- pkgs vk;kfrr vFkok Lons'kh :i ls ÁkIr@fofufeZr g¨aA 2 IyfsVue 1.001 fd- xzk- 3 pk¡nh 1.001 fd- xzk-[भाग I—खण् ड 1] भारत का रािपत्र : असाधारण 3 l¨u@s pkanh@IyfsVue ds ind vkSj 1 fd- xzk- 1 lksuk 1.001 fd- xzk- flôs ¼oS/k eqæk Ádkj ds fLkDdka s dks 2 IyfsVue 1.001 fd- xzk- NksM+dj½ 3 pk¡nh 1.001 fd- xzk- eSdsukÃTM ÁfØ;k }kjk fofufeZr] 1 fd- xzk- 1 lksuk 1.001 fd- xzk- l¨uk@pkanh@IyfsVue] QkbufMaXl vkSj ekmufVXa l 2 IyfsVue 1.001 fd- xzk- 3 pk¡nh 1.001 fd- xzk- lksus ;k pkanh dh ekmafVXa l vkSj QkbafMaXl dk otu] ;fn vk;kr fd;k tkrk gS vkSj fu;kZr mRikn es a mi;ksx fd;k tkrk gS] rks fu;kZr mRikn es a lksus vkSj pkanh dh ’kq) lkexzh fu/kkZfjr djus ds fy, ’kkfey ugha fd;k tk,xkA vkHkw"k.kks a ds fu;kZr ds laca/k esa izfØ;k iqfLrdk] 2023 ds rgr vuqer Nhtu vkSj ekud buiqV&vkmViqV ekunaMks a dk s la'kksf/kr fd;k x;k gSA larks"k dqekj lkjxa h] egkfuns'kd] fon's k O;kikj ,oa inus vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 27th May 2024 No. 05/2024 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 F. No. 01/94/180/104/AM24/PC-4.—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: 1. Amendments in Para 4.59 of Handbook of Procedures, 2023: Para 4.59 (a) to (h) is amended as under: Sl. No. 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 a) 0.5 % 0.75 % /imitation stones, cubic zirconia diamonds, precious, semi-precious stones. b) Studded jewellery and articles thereof 0.75 % 0.75 % Mountings and findings manufactured (by non- c) 0.5 % 0.75 % mechanised process) indigenously Any jewellery/articles manufactured by a fully d) mechanised process and unstudded. (not 0.2 % 0.2 % applicableunder Advance Authorisation) Mountingsindigenouslymanufactured, used in e) 0.1 % 0.1 % studded jewellery4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] Gold / silver / platinum medallions andcoins f) (excluding coins of natureof legal tender) (not 0.1% 0.1% applicable under Advance Authorisation) Findings and mountingsmanufactured by g) 0.1% 0.1% mechanized process Gold religious idols (only Gods and Goddess) Plain Gold idols- 0.5% of 8 carats and above (upto 24 carats) h) Studded Gold idols- 0.75% 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 Import Item Quantity Number S. No M1 Plain jewellery, articles, and 1 KG 1 Gold 1.005 KG ornaments like Mangalsutra 2 Platinum 1.005 KG containing gold and black beads 3 Silver 1.0075 KG /imitation stones, cubic zirconia diamonds, precious, semi-precious stones. M2 Studded jewellery and articles 1 KG 1 Gold 1.0075 KG thereof other than those covered by 2 Platinum 1.0075 KG SION M1 of G&J Chapter. 3 Silver 1.0075 KG M3 Mountings and findings 1 KG 1 Gold 1.005 KG manufactured (by non-mechanised 2 Platinum 1.005KG process) indigenously 3 Silver 1.0075 KG M4 Any jewellery/ articles 1 KG 1 Gold 1.002 KG manufactured by a fully 2 Platinum 1.002 KG mechanised process and 3 Silver 1.002 KG unstudded. M5 Mountings, indigenously 1 KG 1 Gold 1.001 KG manufactured, used in the studded 2 Platinum 1.001 KG jewellery 3 Silver 1.001 KG M6 Gold/ Silver/ Platinum medallions 1 KG 1 Gold 1.001 KG and coins (excluding the coins of 2 Platinum 1.001 KG nature of the legal tender). 3 Silver 1.001 KG M7 Gold/ silver/ platinum findings and 1 KG 1 Gold 1.001 KG mountings manufactured by 2 Platinum 1.001 KG mechanized process. 3 Silver 1.001 KG 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. SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research

Related Documents from Ministry of Commerce and Industry