DGFT amends Handbook of Procedures 2023 for fixation of Norms and SION Notification
Amendment aimed to simplify and automate the process for setting norms and notifying new Standard Input-Output Norms ( SIONs ) under the Advance Authorisation Scheme
DGFT – Directorate General of Foreign Trade – DGFT Handbook of Procedures – DGFT Amendments – taxscan
DGFT – Directorate General of Foreign Trade – DGFT Handbook of Procedures – DGFT Amendments – taxscan
On March 14, 2024, the Directorate General of Foreign Trade ( DGFT ) issued Public Notice No. 15/2023, amending Para 4.06 and Para 4.14 of the Handbook of Procedures 2023, aimed to simplify and automate the process for setting norms and notifying new Standard Input-Output Norms ( SIONs ) under the Advance Authorisation Scheme, thus improving the ease of doing business and facilitating trade.
In accordance with the authority vested under Paragraphs 1.03 and 2.04 of the Foreign Trade Policy 2023, as amended periodically, the Director General of Foreign Trade has made the following amendments to Para 4.14 and 4.06 of the Handbook of Procedures 2023:
(A) Under Para 4.14 of HBP 2023, new sub-para (iii) is added as mentioned below:
(iii) Ad-hoc Input Output Norms may also be decided in a rule based IT environment without reference to Norms Committee. However, a certain percentage of cases as flagged by the RMS may be referred to Norms Committee for validation/review.
(B) A new sub para 4.06 (vii) of HBP 2023 is inserted as below:
4.06(vii) In cases where ad-hoc norms have already been arrived at by Norms Committee, the Norms Committee may recommend Notification of SION on a case to case basis.
To Read the full text of the Order CLICK HERE
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