By A V International February 23, 2024

DGFT suspends inoperative SIONs with effect from 1st April, 2024

The Director General of Foreign Trade suspends Standard Input-Output Norms (SION) mentioned in the Annexure ‘A’ with effect from 1^st April, 2024.

This change is meant to make trade simpler by getting rid of Norms that haven't been used in the last five years. The suspensions mostly affect the 2513 Norms in the Engineering industry and 1658 Norms in the Chemical industry.

Following these rules allows exporters to bring in materials duty-free, based on specific input-output ratios. Suspending these rules is part of a bigger plan by the DGFT to make trade smoother, faster and more efficient by getting rid of inoperative SIONs. The SIONs have been inoperative for the past five years, so they're being suspended.

Any Importer/Exporter who might be affected by this suspension of any SION which is due for 1^st April, 2024, can submit an application for reinstatement to the DGFT vide e-mail, not later than 15^th March, 2024.

Please refer to the PDF document for learning about all the suspended SIONs in the Annexure ‘A’