Modification in SION for export of jewellery
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 – PUBLIC NOTICE No. 05/2024
F. No. 01/94/180/104/AM24/PC-4.—In exercise of the powers conferred under paragraph 1.03 & 2.04 of Foreign Trade Policy, 2023, as amended from time to time, the Director General of Foreign Trade makes the following amendment:
- Amendments in Para 4.59 of Handbook of Procedures, 2023:
Para 4.59 (a) to (h) is amended as under:
| Sl. 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, articles, and ornaments like Mangalsutra containing gold and blackbeads /imitation stones, cubic zirconia diamonds, precious, semi-precious stones. | 0.5 % | 0.75 % |
| b) | Studded jewellery and articles thereof | 0.75 % | 0.75 % |
| c) | Mountings and findings manufactured (by non- mechanised process) indigenously | 0.5 % | 0.75 % |
| d) | Gold / silver / platinum medallions and coins (excluding coins of natureof legal tender) (not applicable under Advance Authorisation) | 0.2 % | 0.2 % |
| e) | Mountingsindigenouslymanufactured, used in studded jewellery | 0.1 % | 0.1 % |
| f) | Findings and mountings manufactured by mechanized process | 0.1% | 0.1% |
| g) | Findings and mountingsmanufactured by mechanized process | 0.1% | 0.1% |
| h) | Gold religious idols (only Gods and Goddess) of 8 carats and above (upto 24 carats) | Plain Gold idols- 0.5% Studded Gold idols- 0.75% | |
- Amendment in Standard Input Output Norms (SION)
Standard Input Output Norms (SION) M-1 to M-7 is modified as under: –
| SION Serial Number | Export Item | Quantity | Import S. No | Import Item | Quantity |
| M1 | Plain jewellery, articles, and ornaments like Mangalsutra containing gold and black beads /imitation stones, cubic zirconia diamonds, precious, semi-precious stones. | 1 KG | 1 | Gold | 1.005 KG |
| 2 | Platinum | 1.005 KG | |||
| 3 | Silver | 1.0075KG | |||
| M2 | Studded jewellery and articles thereof other than those covered by SION M1 of G&J Chapter. | 1 KG | 1 | Gold | 1.0075KG |
| 2 | Platinum | 1.0075KG | |||
| 3 | Silver | 1.0075KG | |||
| M3 | Mountings and findings manufactured (by non-mechanised process) indigenously | 1 KG | 1 | Gold | 1.005 KG |
| 2 | Platinum | 1.005KG | |||
| 3 | Silver | 1.0075KG | |||
| M4 | Any jewellery/ articles manufactured by a fully mechanised process and unstudded. | 1 KG | 1 | Gold | 1.002 KG |
| 2 | Platinum | 1.002 KG | |||
| 3 | Silver | 1.002 KG | |||
| M5 | Mountings, indigenously manufactured, used in the studded jewellery | 1 KG | 1 | Gold | 1.001 KG |
| 2 | Platinum | 1.001 KG | |||
| 3 | Silver | 1.001 KG | |||
| M6 | Gold/ Silver/ Platinum medallions and coins (excluding the coins of nature of the legal tender). | 1 KG | 1 | Gold | 1.001 KG |
| 2 | Platinum | 1.001 KG | |||
| 3 | Silver | 1.001 KG | |||
| M7 | Gold/ silver/ platinum findings and mountings manufactured by mechanized process. | 1 KG | 1 | Gold | 1.001 KG |
| 2 | Platinum | 1.001 KG | |||
| 3 | Silver | 1.001 KG |
Note: Weight of mountings & findings of gold or silver, if imported & used in Export Product, will not be included for determining net content of gold and silver in Export Product.
Effect of this Public Notice:
The wastage permissible and Standard Input Output Norms under the Handbook of Procedures, 2023 with regard to export of jewellery has been revised.
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