DGFT’s Public Notice No 05 in Abeyance Until July 31, 2024 for Reassessment as per GJEPC Request

By: Admin
May 29, 2024
Categories: DGFT|Notification And Circular
4 Min Read

The DGFT issued Public Notice No. 06/2024 dated May 28, 2024, putting Public Notice No. 05/2024 dated May 27, 2024 on hold until July 31, 2024. The Notice aimed to modify the permissible wastage and Standard Input Output Norms (SIONs) for Gold/Platinum/Silver in export items. Following industry consultations and concerns raised by the Gem & Jewellery Export Promotion Council (GJEPC) regarding difficulties for the sector, MSMEs, and handmade jewellery manufacturers, the DGFT is allowing further submission of data on manufacturing processes and wastage. The existing norms, as specified in the Handbook of Procedures 2023 and SIONs M1 to M7, are reinstated during this interim period. This reassessment aims to better address industry needs.

Whereas Public Notice No. 05/2024 dated May 27, 2024 had been issued to modify the wastage permissible and Standard Input Output Norms with reference to Gold/Platinum/Silver content in export item. Industry consultations on the subject had been held on March 05, 2024 and March 21, 2024, Now keeping in view the representation of the Gem & Jewellery Export Promotion Council highlighting the ensuing difficulties to their sector and MSME & handmade jewellery manufacturers, another opportunity to industry for submission of further corroborative data on manufacturing workflow and justification for process wastage and recovery at different stages is being provided. GJEPC/industry may provide information/data to the concerned Norms Committee within a period of next one month.

Accordingly DGFT in exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy 2023 as amended from time to time hereby places the Public Notice No. 05/2024 dated May 27, 2024 in abeyance up to 31st of July, 2024, with immediate effect. For the interim period, wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs M1 to M7 as existed prior to issuance of the said Public Notice No. 05/2024 dated May 27, 2024 stand restored.

Effect of the Public Notice; Public Notice No. 05/2024 dated May 27, 2024 is kept in abeyance till July 31, 2024 for reassessment of permissible wastages and SIONs as per request of GJEPC.

The Public Notice can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/Public_Notice_No_06_English_May_28