Govt revises wastage norms for gold & silver jewellery exports

NEW DELHI: The government on Friday revised 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.

An industry official said the wastage norms have been slightly adjusted from the earlier norms, released on May 27, after the industry urged the government to look into the issue.

Now, the ministry has come out with the revised norms again, which have been welcomed by the industry.

"The wastage permissible and standard input-output norms with regard to export of jewellery have been revised," the Directorate General of Foreign Trade said in a public notice.

The new norms will be applicable from January 1, next year.