**Summary:**
This Public Notice, No. 23/2024-25, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, dated September 12, 2024, announces a further extension of the abeyance of Public Notice No. 05/2024 dated May 27, 2024, until October 31, 2024. Public Notice 05/2024 concerns modifications to permissible wastage and Standard Input Output Norms (SION) related to Gold/Platinum/Silver content in export items.
The abeyance was initially implemented following representations from the Gem & Jewellery Export Promotion Council (GJEPC) and has been extended multiple times via Public Notices No. 06/2024 (dated May 28, 2024), No. 16/2024-2025 (dated July 29, 2024), and No. 20/2024-2025 (dated August 29, 2024).
During this extended abeyance period, the wastage norms under Para 4.59 of the Handbook of Procedures 2023 and SIONs M1 to M7, as they existed before the issuance of Public Notice No. 05/2024, are restored.
This notice is issued under the powers conferred by Paragraphs 1.03 and 2.04 of the Foreign Trade Policy 2023, as amended.
For further information, contact Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-officio Additional Secretary to the Government of India, at dgft@nic.in. The file number for this notice is 01/94/180/104/AM24/PC-4.
Key Entities Referenced
Directorate General of Foreign Trade: A department under the Ministry of Commerce and Industry responsible for implementing foreign trade policy.
Vanijya Bhawan, New Delhi: The location of the Directorate General of Foreign Trade office in New Delhi, Delhi.
Public Notice No. 05/2024: A public notice issued on May 27, 2024, modifying wastage permissible and Standard Input Output Norms with reference to Gold/Platinum/Silver content in export items.
Gem Jewellery Export Promotion Council: An organization representing the gem and jewellery export industry.
Foreign Trade Policy 2023: The prevailing foreign trade policy of India.
Handbook of Procedures 2023: A document providing detailed procedures related to the Foreign Trade Policy 2023.
Santosh Kumar Sarangi: Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India.
Ministry of Commerce and Industry: A ministry of the Government of India.
(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I SECTION-I)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Public Notice No. 23 /2024-25
New Delhi, Dated: 12 September, 2024
Subject: Further abeyance of Public Notice No. 05/2024 dated 27.05.2024 until 31.10.2024.
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 which had
been further kept in abeyance till 15.09.2024 vide Public Notice No. 20/2024-2025 dated
29.08.2024.
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 31“ of October, 2024. For the
interim period, wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs M1
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
31° of October, 2024 .
‘ ovr
Om Q:
(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-officio Addl. Secretary to the Government of India
e-mail: dgft@nic.in
(Issued from File No. 01/94/180/104/AM24/PC-4)