Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M-1 to M-8 for export of jewellery

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....ctor General of Foreign Trade makes the following amendment, which will be effective from 01^st January 2025: 1. Amendments in Para 4.59 of Handbook of Procedures, 2023: Para 4.59 (a) to (h) is amended as under: Maximum wastage or manufacturing loss on gold/ silver/ platinum jewellery and articles thereof. SI No Items of Export Percentage of wastage by weight with reference to Gold /Platinum /Silver content in export item     Gold /Platinum Silver a) Plain Jewellery and Articles, and ornaments like Mangalsutra containing gold and black beads /imitation stones, cubic zirconia diamonds, precious, semi-precious stones. a. Handcrafted b. Mechanized   &nbs....

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....port Product. 2. The export of mechanized plain and studded jewellery also includes some manual process] 2. Amendment in Standard Input Output Norms (SION) Standard Input Output Norms (SION) M-1 to M-8 is modified as under: - SI No. Export Item Quantity Import S. No Import Item Quantity M1 (a) Plain Jewellery and Articles, and ornaments like Mangalsutra containing gold and black beads/imitation stones, cubic zirconia diamonds, precious, semi-precious stones. a. Handcrafted 1 Kg 1 Gold 1.0225 Kg 2 Platinum 1.0225 Kg 3 Silver 1.03 Kg M1 (b) Plain Jewellery and Articles, and ornaments like Mangalsutra containing gold and black beads/....

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....ed, used in studded jewellery b. Mechanized 1 Kg 1 Gold 1.003 Kg 2 Platinum 1.003 Kg 3 Silver 1.003 Kg M6 Gold / silver / platinum medallions and coins (excluding coins of nature of legal tender) (not applicable under Advance Authorisation) 1 Kg 1 Gold 1.002 Kg 2 Platinum 1.002 Kg 3 Silver 1.002 Kg M7 Findings and mountings manufactured by mechanized process 1 Kg 1 Gold 1.009 Kg 2 Platinum 1.009 Kg 3 Silver 1.009 Kg M8 (i) Gold religious' idols (only gods and goddess) of 8 carats and above (upto 24 carats) i. Handcrafted/Studded idols 1 Kg 1 Gold 1.04 Kg 2 Platinum 1.04 K....