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of <h1>Foreign Trade Policy Update: Jewelry Export Norms Revised, Adjusting Wastage and Material Usage Ratios Until December 2024.</h1> The Directorate General of Foreign Trade has amended the Handbook of Procedures, 2023, specifically paragraph 4.59, and modified the Standard Input Output Norms (SION) M-1 to M-7 concerning the export of jewelry. The amendments detail permissible wastage percentages for various types of jewelry, including plain and studded items, and specify input-output ratios for gold, platinum, and silver in exported products. These changes aim to refine export guidelines and ensure accurate material usage reporting, effective until December 31, 2024. The amendments are part of the ongoing adjustments under the Foreign Trade Policy, 2023.
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