DGFT Notifies New SIONs for Chemical and Allied Products Under FTP 2023

The DGFT (Directorate General of Foreign Trade) has notified new SIONs (Standard Input-Output Norms) for chemical and allied products under FTP 2023 (Foreign Trade Policy 2023). SIONs specify the quantity of inputs required to manufacture a unit of output for export purposes, helping in calculating duty exemptions. This notification aims to streamline export processes for the chemical sector, ensuring accurate input-output ratios and facilitating trade. It reflects the government's continuous effort to update and refine trade policies to support Indian exporters and enhance global competitiveness.