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Core Purpose

Public Notice by the Directorate General of Foreign Trade further extending the abeyance of Public Notice No. 05/2024 (relating to wastage norms and Standard Input Output Norms for gold/platinum/silver export items) until 31 October 2024.

Detailed Summary

The Ministry of Commerce and Industry (Department of Commerce, Directorate General of Foreign Trade), by Public Notice No. 23/2024-25 dated 12 September 2024 (F. No. 01/94/180/104/AM24/PC-4), further extended the abeyance of Public Notice No. 05/2024 dated 27 May 2024, which had modified the permissible wastage and Standard Input Output Norms (SIONs) with reference to Gold/Platinum/Silver content in export items. Public Notice No. 05/2024 had previously been held in abeyance until 31 July 2024 vide Public Notice No. 06/2024 dated 28 May 2024, then until 31 August 2024 vide Public Notice No. 16/2024-25 dated 29 July 2024, and then until 15 September 2024 vide Public Notice No. 20/2024-25 dated 29 August 2024. Acting under paragraphs 1.03 and 2.04 of the Foreign Trade Policy, 2023, the Director General of Foreign Trade placed Public Notice No. 05/2024 in abeyance for a further period until 31 October 2024, restoring for the interim period the wastage norms under paragraph 4.59 of the Handbook of Procedures, 2023 and SIONs M1 to M7 as they existed before Public Notice No. 05/2024 was issued. The notice was signed by Santosh Kumar Sarangi, Director General of Foreign Trade, Ex-officio Additional Secretary.

Full Text

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