Modification of SION E125 for export of Shea Stearine

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-11062024-254647 EXTRAORDINARY PART I-Section 1 PUBLISHED BY AUTHORITY No. 152] NEW DELHI, TUESDAY, JUNE 11, 2024/JYAISHTHA 21, 1946 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 29th May, 2024 No. 07/2024 Subject: Modification of SION E-125 for export of Shea Stearine. F. No. HQRNORMREVIW00003853 AM23/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 | 5.02 MT** | | | | | | (Oil Content 45+/-1%) | | +----------+---------------+----------+-------+-----------------------+------------------+ **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 export of Shea Stearine has been amended with revised import entitlements. SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex-officio Addl. Secy.