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The Directorate General of Foreign Trade amends paragraph 4.59 of the Handbook of Procedures, 2023, and modifies Standard Input Output Norms M-1 through M-8 for the export of jewellery, with immediate effect. Exporters of gold, silver, and platinum jewellery, articles, mountings, findings, medallions, coins, and religious idols apply the revised maximum wastage percentages and input-output quantities by weight. The notice excludes specific unstudded articles and medallions or coins of a legal tender nature from Advance Authorisation. The new rules supersede Public Notice No. 30 dated 01.11.2024.
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(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. 45/2024-25
New Delhi, Dated: 04 February 2025
Subject: Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M- 1 to M-8 for export of jewellery
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, with immediate effect:
1. Amendments in Para 4.59 of Handbook of Procedures, 2023:
Para 4.59 (a) to (h) is amended as under:
| Maximum wastage or manufacturing loss on gold/ silver/ platinum jewellery and articles thereof. | |||
|---|---|---|---|
| SI No | Items of Export | Percentage of wastage by weight with reference to Gold /Platinum /Silver content in export item | |
| Gold /Platinum | Silver | ||
| a) | Plain Jewellery and Articles, and ornaments like Mangalsutra containing gold and black beads/imitation stones, cubic zirconia diamonds, precious, semi-precious stones.
| 2.25 % | 3.00% |
| - a. Mechanized | 0.90% | 0.90% | |
| b) | Studded Jewellery and articles thereof.
a. Handcrafted | 4.00% | 4.00% |
| - b. Mechanized (jewellery manufactured and studded by machines) | 2.80% | 2.80% | |
| c) | Mountings and findings manufactured indigenously
a. Handcrafted | 2.0 % | 2.50% |
| - b. Mechanized | 0.40% | 0.50% | |
| d) | Any jewellery/ articles manufactured by a mechanised process and unstudded.(not applicable under Advance Authorisation) | 0.90% | 0.90% |
| e) | Mountings, whether imported or indigenously procured / manufactured, used in studded jewellery
a. Handcrafted | 1.50% | 1.50% |
| - b. Mechanized | 0.30% | 0.30% | |
| f) | Gold / silver / platinum medallions and coins (excluding coins of nature of legal tender) (not applicable under Advance Authorisation) | 0.20% | 0.20% |
| g) | Findings and mountings manufactured by mechanized process | 0.90% | 0.90% |
| h) | Gold religious' idols (only gods and goddess) of 8 carats and above (upto 24 carats)
i. Handcrafted/Studded idols | 4.00% | 4.00% |
| - ii. Plain idols | 2.00% | 2.00% | |
Note:
- Weight of mountings & findings of gold or silver, if imported and used in Export Products, will not be included for determining net content of gold & silver in Export Product.
2. Amendment in Standard Input Output Norms (SION)
Standard Input Output Norms (SION) M-1 to M-8 is modified as under: -
| SION SI No. | Export Item | Quantity | Import S. No | Import Item | Quantity |
|---|---|---|---|---|---|
| M1
(a) | Plain Jewellery and Articles, and ornaments like Mangalsutra containing gold and black beads/imitation stones, cubic zirconia diamonds, precious, semi-precious stones.
| 1 Kg | 1 | Gold | 1.0225 Kg |
| 2 | Platinum | 1.0225 Kg | |||
| 3 | Silver | 1.03 Kg | |||
| M1
(b) | Plain Jewellery and Articles, and ornaments like Mangalsutra containing gold and black beads/imitation stones, cubic zirconia diamonds, precious, semi-precious stones.
| 1 Kg | 1 | Gold | 1.009 Kg |
| 2 | Platinum | 1.009Kg | |||
| 3 | Silver | 1.009 Kg | |||
| M2
(a) | Studded Jewellery and articles thereof.
| 1 Kg | 1 | Gold | 1.04 Kg |
| 2 | Platinum | 1.04 Kg | |||
| 3 | Silver | 1.04 Kg | |||
| M2
(b) | Studded Jewellery and articles thereof.
| 1 Kg | 1 | Gold | 1.028 Kg |
| 2 | Platinum | 1.028 Kg | |||
| 3 | Silver | 1.028 Kg | |||
| M3
(a) | Mountings and findings manufactured indigenously
| 1 Kg | 1 | Gold | 1.02 Kg |
| 2 | Platinum | 1.02 Kg | |||
| 3 | Silver | 1.025 Kg | |||
| M3
(b) | Mountings and findings manufactured indigenously
| 1 Kg | 1 | Gold | 1.004 Kg |
| 2 | Platinum | 1.004 Kg | |||
| 3 | Silver | 1.005 Kg | |||
| M4 | Any jewellery/ articles manufactured by a mechanised process and unstudded.
(not applicable under Advance Authorisation) | 1 Kg | 1 | Gold | 1.009 Kg |
| 2 | Platinum | 1.009 Kg | |||
| 3 | Silver | 1.009 Kg | |||
| M5
(a) | Mountings, whether imported or indigenously procured / manufactured, used in studded jewellery
| 1Kg | 1 | Gold | 1.015 Kg |
| 2 | Platinum | 1.015 Kg | |||
| 3 | Silver | 1.015 Kg | |||
| M5
(b) | Mountings, whether imported or indigenously procured / manufactured, used in studded jewellery
| 1Kg | 1 | Gold | 1.003 Kg |
| 2 | Platinum | 1.003 Kg | |||
| 3 | Silver | 1.003 Kg | |||
| M6 | Gold / silver / platinum medallions and coins (excluding coins of nature of legal tender) (not applicable under Advance Authorisation) | 1Kg | 1 | Gold | 1.002 Kg |
| 2 | Platinum | 1.002 Kg | |||
| 3 | Silver | 1.002 Kg | |||
| M7 | Findings and mountings manufactured by mechanized process | 1 Kg | 1 | Gold | 1.009 Kg |
| 2 | Platinum | 1.009 Kg | |||
| 3 | Silver | 1.009 Kg | |||
| M8 |
