Processing loss allowances for jewellery exports revised to set tiered wastage limits and extend norms to platinum. The notification revises customs exemptions to set tiered wastage allowances for exported gold mountings and findings and for plain/studded silver jewellery based on bands of value addition. It adds an Explanation that admissibility of wastage for mountings and findings is limited to items manufactured from imported metal and exported as such, and that gold jewellery wastage norms apply mutatis mutandis to platinum plain/studded jewellery and articles.
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Processing loss allowances for jewellery exports revised to set tiered wastage limits and extend norms to platinum.
The notification revises customs exemptions to set tiered wastage allowances for exported gold mountings and findings and for plain/studded silver jewellery based on bands of value addition. It adds an Explanation that admissibility of wastage for mountings and findings is limited to items manufactured from imported metal and exported as such, and that gold jewellery wastage norms apply mutatis mutandis to platinum plain/studded jewellery and articles.
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