The Ministry of Commerce and Industry (MoCI) on May 28, 2024, notified that Public Notice No. 05/2024 related to the modification of the wastage permissible and Standard Input Output Norms with reference to Gold/Platinum/Silver content in the export item has been kept in abeyance till July 31, 2024.
Keeping in view the representation of the Gem & Jewellery Export Promotion Council highlighting the ensuing difficulties to their sector, another opportunity for 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 the next one month.
[Trade Notice No. 04/2024-2025]
