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Date: 17-Dec-2024 Category: Extra Ordinary State: Union Government Country: India

Fixation of one new Standard Input Output Norms (SIONs) at SION A3683 under Chemical and Allied Product Product Code A

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

Key Changes

  • The SION specifies that for every 1 kg of Propionic Anhydride exported, the importer is allowed to use 1.15 kg of Propionic Acid and 0.500 kg of Acetic Acid Glacial as inputs.
  • This notification is issued by the Directorate General of Foreign Trade (DGFT) under the powers conferred by paragraph 1.03 of the Foreign Trade Policy 2023.
  • A new SION, A-3683, has been created for the export of Propionic Anhydride.

What it means

  • This gazette notification announces the establishment of a new Standard Input Output Norm (SION) under the Foreign Trade Policy 2023. This SION, designated as A-3683, specifically relates to the export of Propionic Anhydride under the 'Chemical and Allied Product' group.

Impact Analysis

Exporters of Propionic Anhydride

  • Exporters need to ensure they accurately track and document the usage of Propionic Acid and Acetic Acid Glacial according to the specified norms.

Importers of Propionic Acid and Acetic Acid Glacial

  • Importers need to be aware of the new SION and its implications for their customers.

Government Agencies

  • Customs authorities will need to ensure that imports of Propionic Acid and Acetic Acid Glacial are in accordance with the new SION when related to the export of Propionic Anhydride.

Action Items

  • Importers of Propionic Acid and Acetic Acid Glacial should be aware of the new SION and its potential impact on their business.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The government agency responsible for formulating and implementing foreign trade policy and issuing notifications like this one. Foreign Trade Policy 2023: The overarching policy framework governing India's foreign trade, under which this SION is being notified. Standard Input Output Norms (SION): Norms that specify the quantity of inputs required for the production of a specific export product. These norms are used to determine duty exemptions and other benefits. Propionic Anhydride: The export product for which the new SION has been notified. Propionic Acid: One of the input materials allowed under the new SION for the production of Propionic Anhydride. Acetic Acid Glacial: Another input material allowed under the new SION for the production of Propionic Anhydride.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18122024-259485 xxxGIDHxxx CG-DL-E-18122024-259485 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 334] नई दिल्ली, मगं लवार, दिसम्बर 17, 2024/अग्रहायण 26, 1946 No. 334] NEW DELHI, TUESDAY, DECEMBER 17, 2024/AGRAHAYAN 26, 1946 ¼fon's k O;kikj egkfuns'kky;½ III .— le;≤ ij ;Fkk la'kksf/kr fon's k O;kikj uhfr & 2023 ds iSjkxzkQ 1-03 ds varxZr iznÙk शfDr;ks a dk iz;ksx djrs gq,] महानिदेशक निदेश O;kikj ,rn~}kjk Øe la[;k ,&3683 ds lkFk u, flvksu dks vf/klwfpr djr s gSA ;g ubZ izfof"V fuEukuqlkj gksxh% Ikzksik;ksfud ,ugkbMªkbM 1 fdxzkŒ 1 Ikzksik;ksfud vEy 1.15 fdxzkŒ ,-3683 2 ,flfVd vEy Xysfl;y 0.500 fdxzkŒ jklk;fud ,oa laCk) mRikn lewg ds varxZr fu;kZr mRikn ^izksik;ksfud ,ugkbMªkbM^ ds fy, flvksu dks vf/klwfpr fd;k x;k gSA 8162 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) Public Notice New Delhi, 17th December 2024 No. 34/2024-25 Subject: Fixation of one new Standard Input Output Norms (SIONs) at SION A-3683 under ‘Chemical and Allied Product’ (Product Code ‘A’). F.No. 01/82/0016/AM-25/DES-III ––In exercise of the powers conferred under paragraph 1.03 of the Foreign Trade Policy-2023 as amended from time to time, the Director General of Foreign Trade hereby notifies new SION with Serial Number A-3683. This new entry shall be as under: Export Product Qty. Sl. No. Import Items Qty. allowed. Propionic Anhydride 1 kg. 1 Propionic Acid 1.15 kg. 2 Acetic Acid Glacial 0.500 kg. Effect of the Public Notice: SION for export product Propionic Anhydride under Chemical & Allied Product Group has been notified. SANTOSH KUMAR SARANGI ,Dir. General of Foreign Trade, Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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