https://www.taxtmi.com/highlights?id=85559 DGFT amended para 4.59 of HBP 2023 and modified SION M-1 to M-8 for jewelry exports, revising wastage norms and input-output ratios for precious metals. Key changes include differentiated wastage allowances between handcrafted (higher) and mechanized (lower) manufacturing - with handcrafted plain jewelry allowing 2.25% for gold/platinum and 3% for silver, while mechanized processes permit 0.9% across metals. For studded jewelry, handcrafted items get 4% wastage versus 2.8% for mechanized production. Religious idols receive special consideration with 4% wastage for handcrafted/studded and 2% for plain versions. These revisions supersede Public Notice No. 30 dated 01.11.2024. en-us Fri, 07 Feb 2025 17:24:20 +0530 Fri, 07 Feb 2025 17:24:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=85559 DGFT amended para 4.59 of HBP 2023 and modified SION M-1 to M-8 for jewelry exports, revising wastage norms and input-output ratios for precious metals. Key changes include differentiated wastage allowances between handcrafted (higher) and mechanized (lower) manufacturing - with handcrafted plain jewelry allowing 2.25% for gold/platinum and 3% for silver, while mechanized processes permit 0.9% across metals. For studded jewelry, handcrafted items get 4% wastage versus 2.8% for mechanized production. Religious idols receive special consideration with 4% wastage for handcrafted/studded and 2% for plain versions. These revisions supersede Public Notice No. 30 dated 01.11.2024. Highlights DGFT Fri, 07 Feb 2025 17:24:20 +0530 https://www.taxtmi.com/highlights?id=85559