Revised wastage norms & SIONs for jewellery announced!
Time to prepare for the changes effective from January 1, 2025: GJEPC The Directorate General of Foreign Trade (DGFT) has revised wastage norms and Standard Input Output Norms (SIONs) for jewellery, effective from 1st January 2025. DGFT had reduced the wastage norms drastically across all jewellery categories vide Public Notice No. 05/2024-25 on 27th May 2024, recognizing the impact of these drastic reductions, the Council promptly convened a stakeholder meeting with DGFT officials on the same day, requesting an opportunity to present corroborative data on manufacturing workflows. As a result, the implementation of the previously issued notice was periodically deferred. The Council conducted a nationwide survey, collected and analysed data as received from 160 exporters and manufacturers which was in line with the existing process loss norms as outlined in the Handbook of Procedures 2023. The industry had made the 2 key requests: (a) To set the wastage norms that realistically alig