Ministry of Finance TheDollarBusiness

SION for the export product under S.No.A1875 amended No-21

Dated 6th July, 2016 | Copy of | Public Notice No.21/2015-2020 |

In exercise of the powers conferred under paragraph 1.03 of the Foreign Trade Policy 2015-2020 and paragraph 1.01 of Handbook of Procedure (Vol 1.), the following amendments are made in the Handbook of Procedures Vol.II.

2. The existing entry in SION A-1875 of the Product Group ‘Chemical and Allied Products’ is amended as under:

SION for the export product under S.No.A1875 amended No-21

Note:

I - Specific percentage of Titanium dioxide in export product to be mentioned in export documents.

II - Specific percentage of Titanium dioxide in import item 2 to be mentioned in import documentation.

III - For the purpose of entitlement of imported raw material, the percentage concentration of export item as well as concentration of import item 2 should be taken. For this the entitlement should be worked out considering 13.6% wastage on the actual net content of Titanium dioxide both in the export product and import product.

Eg:- If the export product contains 90% Titanium dioxide [weighted average of all shipments and import item i.e. Ilmenite ore contains 50% Titanium dioxide [weighted average of all bill of entries], entitlement may be worked out based on following formula:

Entitlement of import product per kg of export product = 90% * 1.136 = 2.045 kgs 50%

3. Effect of this amendment:

The standard Input Output Norms (SION) for export product under S No. A 1875 has been reviewed. There is change in the description of the Export and Import items.

Sd/-
(Anup Wadhawan)
Director General of Foreign Trade

File No.01/83/71/18/AM-15/DES-IV
Issued by:
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
(DES-IV Section)
New Delhi

 

The Dollar Business Bureau - Jul 08, 2016 12:00 IST