Further abeyance of Public Notice No 05/2024 dated 27.05.2024 until - 1st November 2024 - Ministry of Commerce and Industry - Gazette Notification PDF
Issued by Ministry of Commerce and Industry · Directorate General Of Foreign Trade
Read or download the official PDF of this gazette notification issued by the Ministry of Commerce and Industry on 1st November 2024.
Executive Summary & Key Takeaways
Policy Summary:
This Public Notice, No. 23/2024-25, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, on November 1, 2024, announces the further abeyance of Public Notice No. 05/2024 dated May 27, 2024, until December 31, 2024. Public Notice 05/2024 pertains to modifications in permissible wastage and Standard Input Output Norms (SIONs) related to Gold/Platinum/Silver content in export items. This decision follows representations from the Gem & Jewellery Export Promotion Council (GJEPC) and ongoing revisions to the new SIONs.
This latest notice extends previous abeyances issued via Public Notice No. 06/2024 (dated May 28, 2024, abeyance until July 31, 2024), Public Notice No. 16/2024-2025 (dated July 29, 2024, abeyance until August 31, 2024), Public Notice No. 20/2024-2025 (dated August 29, 2024, abeyance until September 15, 2024) and Public Notice No. 23/2024-2025 (dated September 12, 2024, abeyance until October 31, 2024).
During this interim period (until December 31, 2024), wastage norms under Para 4.59 of the Handbook of Procedures 2023 and SIONs M1 to M7, as they existed prior to the issuance of Public Notice No. 05/2024, are restored.
The authority for this notice is derived from Paragraphs 1.03 and 2.04 of the Foreign Trade Policy 2023, as amended.
Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Addl. Secretary to the Government of India, issued the notice. Inquiries can be directed to dgft@nic.in. The file number for reference is 01/94/180/104/AM24/PC-4.