DGFT Suspends SIONs Inoperative for Last 5 Years

The Directorate General of Foreign Trade, under the Ministry of Commerce and Industry, Government of India, issued Public Notice No. 03/2024-25-DGFT on 3rd May 2024. The notice pertains to the suspension of inoperative Standard Input-Output Norms (SIONs) as outlined in Annexure “A”.

Legal Basis for Suspension: The notice cites powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023, as amended, as the legal foundation for the suspension of the mentioned SIONs. This indicates a regulatory action taken in line with existing trade policies.

Immediate Effect: It’s emphasized that the suspension takes immediate effect upon issuance of the notice. This implies that the affected SIONs are no longer valid for trade purposes, aiming to streamline trade operations and eliminate obsolete norms.

Reason for Suspension: The rationale behind the suspension is elucidated, stating that the identified SIONs have been inactive for the past five years. This underscores the necessity to adapt trade regulations to current market dynamics and operational realities.

Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan

Public Notice No. 03/2024-25-DGFT | Dated 03rd May, 2024

Subject: Suspension of inoperative SIONs – reg

F. No. 01/02/83/AM-24/EG&TF.— In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023, as amended from time to time; the Director General of Foreign Trade hereby suspends Standard Input-Output Norms (SION) mentioned at Annexure “A” to this Public Notice with immediate effect.

Effect of this Public Notice: The SIONs as at Annexure “A” have been observed to be inoperative over the last 5 years and the same shall be suspended with immediate effect.

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

[Issued from File No. 01/02/83/AM-24/EG&TF]

Annexure “A”