4.56
The wastage or manufacturing loss on gold/silver/platinum jewellery and articles thereof is as follows:
Wastage Norms
| Item of exports | Percentage of wastage by weight with reference to Gold/ Platinum/ Silver content in the export item |
| Gold/Platinum | Silver |
| a. | Plain jewellery and articles and ornaments like Mangalsutra containing gold and black beads/ imitation stones, cubic zirconia etc. but excluding diamonds, precious, semi-precious stones. However, if the per gram value of the semi-precious stones utilised in the making of the jewellery/ articles is less than the per gram value of gold/silver/ platinum, the wastage norms of plain jewellery shall be applicable. | 3.5% | 4.5% |
| b. | Studded jewellery other than those covered by (a) above and articles thereof | 9.0% | 10% |
| c. | Mountings and findings manufactured (by non-mechanised process) indigeneously | 3.5% | 4.5% |
| d. | Any jewellery/articles manufactured by a fully mechanised process and unstudded. | 1.25% | 1.25% |
| e. | Mountings, whether imported or indigenously procured/ manufactured, used in the studded jewellery | 2.5% | 2.5% |
| f. | Gold/silver/platinum medallions and coins (excluding the coins of the nature of the legal tender) | 0.25% | 0.25% |
| g. | Findings and mountings manufactured by mechanized process | 1.25% | 1.25% |
(Please refer CUS CIR NO.37/2002 DATE 28/06/2002)