Wastage Norms and Value Addition in respect of Gold religious idols

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Wastage Norms and Value Addition in respect of Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats) under Para 4.60 and 4.61 of HBP 2015-20 – reg.

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I, SECTION-I

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE NO. 51/ (2015-2020)

NEW DELHI: Dated the 30th November, 2018

Subject:  Wastage Norms and Value Addition in respect of Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats) under Para 4.60 and 4.61 of HBP 2015-20 – reg.

In exercise of powers conferred under paragraph 1.03 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Director General of Foreign Trade makes the following amendment in Hand Book of Procedures 2015-2020.

2. In Para 4.60 – Wastage Norm, the following are added at the end of the table:

h)Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats)Percentage of wastage

Plain Gold idols -2.5% Studded Gold idols – 5%

3. In Para 4.61  – Value Addition, the following are added at the end of the table:

f)Gold religious idols (only gods and goddess) of carats and above (upto 24 carats)10% in case of plan gold religious idols (Non studded)

14% in case of gold religious idols studded with colour gem stones,

15% in case of gold religious idols studded with diamonds

4. Effect of this Public Notice: Wastage Norms and Value Addition in respect of Gold religious  idols (only gods  and goddess) –  both plain and studded, of 8 carats and above (upto 24 carats) are prescribed in Para 4.60 and 4.61 of the HBP.

(Alok Vardhan Chatruvedi)
Director General of Foreign Trade &
Ex-officio Additional Secretary to Government of India
Email: dgft@nic.in

(Issued from File No.01/94/180/236/AM19/PC-4)

DGFT Public Notice PDF Format – Download Here

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