The government of India has proposed revised norms related to permissible amount of wastage with regard to export of gold, silver and platinum jewellery. The Directorate General of Foreign Trade (DGFT) in a communication asked the trade and Industry to submit their inputs/comments within seven days from the date of issuance of this trade notice to the norms committee.

This directorate is proposing revised wastage norms for gold/platinum/silver jewellery-based on the industry visits in different units/locations.

Earlier in May, the government had tightened these norms, over which the industry raised their serious concerns. After that, the DGFT put those norms on hold first till July 31 and then till September 15.