Sponsored
    Follow Us:
Sponsored

The Directorate General of Foreign Trade (DGFT) has issued Public Notice No. 28/2024-25 on October 28, 2024, announcing modifications to the Standard Input Output Norm (SION) E-125 concerning the export of Shea Stearine. This amendment allows for the import of Shea Nuts and Shea Butter based on specific oil content parameters. The revised SION specifies that for every one metric ton of Shea Stearine exported, 5.02 metric tons of Shea Nuts (with an oil content of 45% to 46%) or 2.21 metric tons of Shea Butter are required, along with smaller quantities of Activated Bleaching Earth and Acetone. The notice includes provisions for adjusting import quantities based on variations in oil content, with a pro-rata decrease or increase of 150 kilograms for every percentage change. Customs authorities are tasked with testing the oil content of imported Shea Nuts, which will determine the allowed import quantities. This modified SION will remain valid until March 31, 2027, at which point it will require reassessment to reflect changes in industry pricing structures.

Directorate General of Foreign Trade
Department of Commerce, Government of India
Vanijya Bhawan, New Delhi

Public Notice No. 28/2024-25-DGFT | Dated: 28.10.2024

Subject: Modification of SION E-125 for export of Shea Stearine.

F. No. HQRNORMREVIW00003853AM23/ DES.VI.- In exercise of the powers conferred under Paragraph 1.03 of Foreign Trade Policy, 2023, as amended from time to time, the Director General of Foreign Trade makes the following amendment in SION E-125:

SION No. Export Item Quantity S.No. Amended Import Item Amended
Quantity
E-125 Shea Stearine 1 MT 1 Shea Nuts (Oil Content 45-1-1-1%) OR Shea Butter 5.02 MT**

2.21 MT

2 Activated Bleaching
Earth
0.048 MT
3 Acetone 0.039 MT

**For every one percent increase in the oil content beyond 46% in Shea Nut, the permitted quantity for its import may decrease by 150 kgs on pro-rata basis and for every one percent decrease in oil content below 44% in Shea Nut, the permitted quantity for its import may increase by 150 kgs on pro-rata basis.

Note 1 – For import item Shea Nuts, Customs Authority to draw samples for every bill of entry and test the same for its oil content. The Customs Authority to endorse on the Bill of Entry the oil content of each consignment. Regional Authority to redeem authorizations based on the weighted average of oil content so endorsed by the Customs Authority. However, clearance of import consignments should not be held back till the results are obtained, but to be allowed upon customs examination & drawing of samples.

Note 2 – This SION will be valid till 31.03.2027 and will need to be re-assessed to reflect dynamic pricing structure of the industry.

Effect to this Public Notice: Standard Input Output Norm (SION) E-125 for the export of Shea Stearine has been amended with revised import entitlements.

(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to Government of India
Email: [email protected]  

(Issued from F. No. HORNORMREVIW00003853AM23/ DES.VI)

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930