The government Friday revised the norms related to the permissible amount of wastage with regard to the export of gold, silver and platinum jewellery. The wastage norms are the permissible amount of gold or silver that can be lost during the manufacturing process of jewellery for export. “The wastage permissible and standard input-output norms with…
The Directorate General of Foreign (DGFT) has put on hold its recent decision on changes in maximum permissible wastage norms for gold, platinum, and silver content in jewellery exports, according to a media release issued by Gem & Jewellery Export Promotion Council (GJEPC) on Tuesday. In a virtual meeting on 28th May GJEPC urged DGFT…
India on Monday tightened the permissible wastage amount for gold, platinum, and silver content in various categories of exports of jewellery items manufactured by mechanised or non-mechanised processes. In a notification, the Directorate General of Foreign Trade (DGFT) amended the percentage of wastage by weight in export of plain jewellery to 0.5% for gold and…
