Amendment in Procedure & SION M-1 to M-7 for jewellery export. Revised norms for gold, silver, platinum content.

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....The Director General of Foreign Trade, u/s 1.03 & 2.04 of Foreign Trade Policy, 2023, amended Para 4.59 of Handbook of Procedures, 2023. Wastage percentages for various jewellery items were revised. Additionally, Standard Input Output Norms (SION) M-1 to M-7 were modified for export items like plain jewellery, studded jewellery, mountings, and findings. The amendment impacts the permissible wastage and norms for jewellery exports. This amendment aims to regulate and streamline the export process for jewellery items.....