**Executive Summary:**
This public notice from the Directorate General of Foreign Trade amends the Handbook of Procedures 2015-2020, specifically paragraphs 4.60 and 4.61. The amendment prescribes wastage norms and value addition for gold religious idols (gods and goddesses only) of 8 to 24 carats. The notice is effective as of November 30, 2018.
**Key Points / Main Content:**
* **Wastage Norms (Para 4.60):**
* For plain gold idols: 2.5% wastage.
* For studded gold idols: 5% wastage.
* **Value Addition (Para 4.61):**
* Plain, non-studded gold idols: 10% value addition.
* Gold idols studded with colored gemstones: 14% value addition.
* Gold idols studded with diamonds: 15% value addition.
* **Scope:**
* Applies only to religious idols of gods and goddesses.
* Covers gold of 8 carats and above, up to 24 carats.
**Impact Analysis:**
**Gold Manufacturers/Exporters dealing with Religious Idols:**
* *Impact:* New wastage norms and value addition percentages will directly affect cost calculations and export pricing for gold religious idols.
* *Action Required:* Update costing models to reflect the revised wastage norms and value addition percentages specified in the notice.
**Customs Authorities:**
* *Impact:* Required to enforce the new wastage norms and value addition percentages during the import and export of gold religious idols.
* *Action Required:* Update customs procedures to incorporate the revised norms for assessment and clearance of relevant shipments.
**Directorate General of Foreign Trade (DGFT):**
* *Impact:* Responsible for monitoring the implementation and effectiveness of the revised policy.
* *Action Required:* Ensure the updated information is accessible and disseminated to relevant stakeholders, and address any queries or issues arising from the implementation of the changes.
Key Entities Referenced
Directorate General of Foreign Trade: The organization responsible for foreign trade policy and its implementation.
Foreign Trade Policy, 2015-2020: The prevailing foreign trade policy during the period relevant to the public notice.
Hand Book of Procedures 2015-2020: A manual detailing the procedures related to the Foreign Trade Policy 2015-2020.
New Delhi: Location of publication of the gazette notification.
Ministry of Commerce and Industry: The government ministry responsible for foreign trade and commerce.
Para 4.60: A specific paragraph in the Hand Book of Procedures 2015-2020 related to Wastage Norms.
Para 4.61: A specific paragraph in the Hand Book of Procedures 2015-2020 related to Value Addition.
Alok Vardhan Chaturvedi: Director General of Foreign Trade, the signing authority of the public notice.
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx I—[k.M 1
PART I—Section 1
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
la- 376] ubZ fnYyh] 'kqØokj] uoEcj 30] 2018@vxzgk;.k 9] 1940
No. 376] NEW DELHI, FRIDAY, NOVEMBER 30, 2018/AGRHAYANA 9, 1940
ववववााााििििणणणण(cid:5)(cid:5)(cid:5)(cid:5)यययय एएएएवववव ंं ंंउउउउ(cid:8)(cid:8)(cid:8)(cid:8)ोोोोगगगग मममम(cid:13)(cid:13)ंं(cid:13)(cid:13)ंं ााााललललयययय
¼ववववााााििििणणणण(cid:5)(cid:5)(cid:5)(cid:5)यययय ििििववववभभभभाााागगगग½
¼fons'k O;kikj egkfuns'kky;½
lkoZtfud lwpuk
नई (cid:4)द(cid:6) ली, 30 नव(cid:10) बर , 2018
la- 51@2015&2020
fo"k; % ifzØ;k iqLrd 2015&20 d s iSjk 4-60 vkSj 4-61 d s varxZr 8 dSjsV vkSj mlls vf/kd ¼24 dSjV rd½ dh Lo.kZ
dh /kkfeZd ewfrZ;ksa ¼dsoy nsork vkSj nsoh½ d s fy, vif”k’V ekunMa vkSj eYw ; o/kuZ d s lca /a k eAsa
Qk- la- 01@94@180@236@,,e19@ihlh&4.—le;≤ ij ;Fkk-l”a kksf/kr fon”s k O;kikj uhfr]
2015&2020 d s iSjk 1-03 d s rgr inz Ùk ”kfDr;ka s dk i;z ksx djr s g,q egkfun”s kd] fon”s k O;kikj izfØ;k iqLrd 2015&2020
e sa fuEufyf[kr l”a kk/s ku djr s g%Sa
2- iSjk 4-60- vif'k”V ekunaM esa] rkfydk ds var esa fuEufyf[kr tksM+k tkrk gS%
t½ 8 dSjV vkSj mlls vf/kd vif'k”V dk izfr'kr
¼24 dSjsV rd½ dh Lo.kZ dh /kkfeZd ewfrZ;ka
Lo.kZ dh lknh ewfrZ;ka 2-5%
Lo.kZ tfM+r ewfrZ;ka 5%
3- iSjk 4-61- ewY; o/kZu esa] rkfydk ds var esa fuEufyf[kr tksM+k tkrk gS%
p½ 8 dSjV vkSj mlls vf/kd vif'k”V dk izfr'kr
¼24 dSjsV rd½ dh
Lo.kZ dh lknh /kkfeZd ewfrZ;kas ds ekeys esa 10% ¼xSj&tfM+r½
Lo.kZ dh /kkfeZd ewfrZ;ka
¼dsoy nsork vkSj nsoh½ jaxhu jRuksa ls tfM+r Lo.kZ dh /kkfeZd ewfrZ;ksa ds ekeys esa 14%
ghjs ls tfM+r Lo.kZ dh /kkfeZd ewfrZ;ksa ds ekeys esa 15%
6924 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
4- bl lkoZtfud lwpuk dk izHkko % ifzØ;k iqLrd d s iSjk 4-60 vkSj 4-61 e sa 8 dSjVs vkSj mll s vf/kd ¼24 dSjV rd½
dh lknh vkSj tfM+r nksuksa idz kj dh Lo.k Z dh /kkfedZ ewfr;Z ksa ¼dsoy nsork vkSj nsoh½ d s fy, vif”k’V ekunMa vkSj ewY;
o/kuZ fu/kkfZjr fd, tkr s gSAa
vkykds o/kUZ k pqrosZnh] Ekgkfuns”kd fon”s k O;kikj rFkk Iknus vij lfpo
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
PUBLIC NOTICE
New Delhi, the 30th November, 2018
No. 51 /2015-2020
Subject : Wastage Norms and Value Addition in respect of Gold religious idols (only gods and goddess) of 8
carats and above (up to 24 carats) under Para 4.60 and 4.61 of HBP 2015-20 - reg.
F. No. 01/94/180/236/AM19/PC-4.—In exercise of powers conferred under paragraph 1.03 of the
Foreign Trade Policy, 2015-2020, as amended from time to time, the Director General of Foreign Trade
makes the following amendment in Hand Book of Procedures 2015-2020.
2. In Para 4.60 - Wastage Norm, the following are added at the end of the table:
Percentage of wastage
Gold religious idols (only gods and goddess)
h) Plain Gold idols - 2.5%
of 8 carats and above (upto 24 carats)
Studded Gold idols-5%
3. In Para 4.61 - Value Addition, the following are added at the end of the table:
f) Gold religious idols (only gods 10% in case of plain gold religious idols (Non studded)
and goddess) of 8 carats and
14% in case of gold religious idols studded with colour gem
above (upto 24 carats)
stones,
15% in case of gold religious idols studded with diamonds
4. Effect of this Public Notice: Wastage Norms and Value Addition in respect of Gold religious idols
(only gods and goddess)- both plain and studded, of 8 carats and above (up to 24 carats) are prescribed in Para
4.60 and 4.61 of the HBP.
ALOK VARDHAN CHATURVEDI, 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.