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Date: 30-11-2018
Notification No: PUBLIC NOTICE NO. 51/(2015-2020)
Issuing Authority: DGFT  
Type: Public Notice
File No: File No. 01/94/180/236/AM19/PC-4
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.

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 30 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:

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:

Gold religious idols (only gods and goddess) of 8 carats and above (upto 24 carats) 10% in case of plain 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.

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

[Alok Vardhan Chaturvedi]
Director General of Foreign Trade &
Ex-officio Additional Secretary to Government of India
Email: dgft@nic.in

       

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