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Govt revises wastage, input-output norms for jewellery exports

The government Friday revised the norms related to the permissible amount of wastage with regard to the export of gold, silver and


For gold and platinum jewellery made by machines, the wastage of 0.45% is allowed and for silver, it is down to 0.5%. In studded handmade jewellery of gold, silver and platinum the new norms allow for 4% wastage. For machine-made studded jewellery wastage of 2.8% is allowed.Apart from jewellery, the order also covers idols, coins and medallions, and other items made from these metals, according to the notification.