Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M- 1 to M-7 for export of jewellery
Show AI Summary
Wastage norms for jewellery exports revised; input output norms amended, altering permissible input content calculations for exports.
Revised wastage percentages for specified categories of exported jewellery and corresponding modifications to Standard Input Output Norms (SION) M 1 to M 7: SIONs now tie one kilogram of export product to specified import quantities of gold, platinum, or silver per SION category, and imported mountings and findings used in the export product are excluded from net content determination. The amendment is issued under the Foreign Trade Policy, 2023 and Para 4.59(a)-(h) has been kept in abeyance by subsequent public notices.