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Core Purpose

Public Notice further extending, until 31 August 2024, the abeyance of Public Notice No. 05/2024 dated 27 May 2024, which had modified wastage norms and Standard Input Output Norms for Gold/Platinum/Silver content in export items.

Detailed Summary

Directorate General of Foreign Trade (Ministry of Commerce and Industry, Department of Commerce) Public Notice No. 16/2024-25 dated 29 July 2024 [F. No. 01/94/180/104/AM24/PC-4]: Public Notice No. 05/2024 dated 27 May 2024, which modified permissible wastage and Standard Input Output Norms (SIONs) for Gold/Platinum/Silver content in export items, had been placed in abeyance until 31 July 2024 by Public Notice No. 06/2024 dated 28 May 2024 following representations from the Gem & Jewellery Export Promotion Council (GJEPC); having received further inputs from GJEPC still under examination, DGFT, exercising powers under Paragraph 1.03 and 2.04 of the Foreign Trade Policy 2023, further extends the abeyance of Public Notice No. 05/2024 until 31 August 2024; for the interim period, wastage norms under Paragraph 4.59 of the Handbook of Procedures 2023 and SIONs M1 to M7 as they existed prior to Public Notice No. 05/2024 stand restored; signed by Santosh Kumar Sarangi, Director General of Foreign Trade, Ex-officio Additional Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30072024-255908 EXTRAORDINARY PART I-Section 1 PUBLISHED BY AUTHORITY No. 198] NEW DELHI, MONDAY, JULY 29, 2024/SHRAVANA 7, 1946 4701 GI/2024 THE GAZETTE OF INDIA: EXTRAORDINARY [PART I-SEC.1] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 29th July, 2024 No. 16/2024-25 Subject: Further abeyance of Public Notice No. 05/2024 dated 27.05.2024 until 31.08.2024. 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. This office has meanwhile received inputs from GJEPC, and the matter is under further examination. 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 31st of August, 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 31st of August, 2024 for reassessment of permissible wastages and SIONs as per request of GJEPC. SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-officio Addl. Secy.

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