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Date: 30-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

Further abeyance of Public Notice No 052024 dated 27052024 until 15092024

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

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Executive Summary & Key Takeaways

Description of the Gazette Notification

  • This public notice from the Ministry of Commerce and Industry, Directorate General of Foreign Trade (DGFT), further extends the abeyance of Public Notice No. 05/2024 dated 27.05.2024 until September 15th, 2024.
  • Public Notice No. 05/2024 aimed to modify permissible wastage and Standard Input Output Norms (SIONs) for gold, platinum, and silver content in exported items.
  • The abeyance is due to representations from the Gem & Jewellery Export Promotion Council (GJEPC) and the ongoing review of proposed revised wastage norms by the Norms Committee.

Key Changes

  • Public Notice No. 05/2024, initially issued on May 27th, 2024, modifying wastage and SIONs for precious metals in exports, is further kept in abeyance.
  • The abeyance period is extended from August 31st, 2024, to September 15th, 2024.
  • During this abeyance, the previous wastage norms (Para 4.59 of Handbook of Procedures 2023) and SIONs (M1 to M7) remain in effect.
  • The extension allows for consideration of revised wastage norms proposed by the Norms Committee and input from stakeholders.

Impact Analysis

Impact on Exporters

  • Exporters should monitor the DGFT website for updates and submit their suggestions/comments on the proposed revisions before the deadline.

Impact on the Gem & Jewellery Export Promotion Council (GJEPC)

  • The council should continue to engage with the DGFT to ensure the revised norms are fair and reasonable for the industry.

Impact on the Norms Committee

  • The committee should ensure timely submission of its recommendations to the DGFT.

Impact on the DGFT

  • The DGFT should ensure transparency and timely communication throughout the process.

Suggested Action Items

  • The DGFT should maintain open communication with all stakeholders and promptly announce the final decision on the revised norms.

Key Entities Referenced

Ministry of Commerce and Industry: The issuing authority of the public notice. Directorate General of Foreign Trade (DGFT): The department within the Ministry responsible for foreign trade policy and regulations. Gem & Jewellery Export Promotion Council (GJEPC): An industry body that represents exporters of gems and jewellery and submitted representations regarding the norms. Norms Committee: The committee responsible for recommending revisions to wastage norms. Public Notice No. 05/2024 (dated 27.05.2024): The public notice that was issued to modify wastage and SIONs and is now further kept in abeyance. Public Notice No. 06/2024 (dated 28.05.2024): The public notice that initially placed Public Notice No. 05/2024 in abeyance. Public Notice No. 16/2024-2025 (dated 29.07.2024): The public notice that further extended the abeyance of Public Notice No. 05/2024. Foreign Trade Policy 2023: The policy under which the DGFT exercises its powers. Handbook of Procedures 2023: The handbook containing details of procedures related to foreign trade.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31082024-256814 xxxGIDHxxx CG-DL-E-31082024-256814 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 227] नई दिल्ली, िुक्रवार, अगस्ट्त 30, 2024/भाद्र 8, 1946 No. 227] NEW DELHI, FRIDAY, AUGUST 30, 2024/BHADRA 8, 1946 वाजणज्य एव ं उद्योग मत्रं ालय ( ) नई दिल्ली, 29 अगस्ट् त, 2024 जवषय : फा.स.ं .—tcfd fnukda 27-05-2024 dh lkoZtfud lwpuk l-a 05@2024 dks fu;kZr en eas lksuk@IysfVue@pkanh lkexzh ds lanHkZ eas vuqer ;ksX; Nhtu vkSj ekUkd fufof"V mRiknu ekunaM dk s la'kkfs/kr djus ds fy, tkjh fd;k x;k FkkA rFkkfi] jRu vkSj vkHkw"k.k fu;kZr laoZ/ku ifj"kn ¼thtsbZihlh½ ds vH;konsu dks /;ku eas j[krs gq, fnukad 27-05-2024 dh lkoZtfud lwpuk la- 05@2024 dk s fnukda 28-05-2024 dh lkoZtfud lwpuk la- 06@2024 }kjk 31-07-2024 rd izkLFkfxr fd;k x;k Fkk ftls fnukda 29-07-2024 dh lkoZtfud lwpuk l-a 16@2024&25 }kjk fQj 31-08-2024 rd izLFkkfxr fd;k x;k FkkA bl chp] bl dk;kZy; dks ekunaM lfefr }kjk vuq'kaflr Nhtu ekunaM ds izLrkfor l'a kk/s ku izkIr gq, gSa vkSj ;g fopkjk/khu gSA 5546 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] 2- rnuqlkj] le;≤ ij ;Fkk l'a kkfs/kr fons'k O;kikj uhfr 2023 ds iSjk 1-03 vkjS 2-04 ds rgr inz Ùk 'kfDr;kas dk iz;kxs djrs gq, egkfuns'kd] fons'k O;kikj ,rn~}kjk fnukda 27-05-2024 dh lkoZtfud lwpuk la- 05@2024 dks vkx s flrEcj] 2024 dh 15 rkjh[k rd dh vof/k ds fy, izkLFkfxr djrs gSaA varfje vof/k gsrq] mDr lkoZtfud lwpuk la- 05@2024 fnukad 27-05-2024 ds tkjh gksus ls iwoZ ;Fkk fo|eku izfØ;k iqLrd 2023 ds iSjk 4-59 ds rgr Nhtu ekunaM vkSj flvkus ,e1 ls ,e7 rd dk s cgky fd;k x;k gSA fnukda 27-05-2024 dh lkoZtfud lwpuk la- 05@2024 dks ekuanM lfefr }kjk vuq'kaflr Nhtu ekunaM ds izLrkfor l'a kk/s ku ij lq>kokas@fVIIkf.k;ks adk s vkeaf=r djus grs q flrEcj] 2024 dh 15 rkjh[k rd izkLFkfxr j[kk tkrk gSA lark"s k dqekj lkjaxh] egkfuns'kd] fons'k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 29th August, 2024 No. 20/2024-25 Subject: Further abeyance of Public Notice No. 05/2024 dated 27.05.2024 until 15.09.2024. F. No. 01/94/180/104/AM24/PC-4.—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 which had been further kept in abeyance till 31.08.2024 vide Public Notice No. 16/2024-2025 dated 29.07.2024. This office has meanwhile received the proposed revision of wastage norms recommended by the Norms Committee and it is under consideration. 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 15thof September, 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 15thof September, 2024 for inviting suggestions/ comments on the proposed revision of wastage norms recommended by the Norms Committee. 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.

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