<h1>Foreign Trade Policy suspends standard input-output norms for automotive electronics; 2% net wastage allowance applies</h1> Standard input-output norms for automotive electronics under the Foreign Trade Policy have been suspended by a public notice dated 03-05-2024; the regime applied to electronic products provides a net +2% wastage allowance. The schedule governs determination of proportions of various inputs usable or required to manufacture resulting products. Applicants must ensure that goods imported correspond to those actually used or required in the export product, aligning imports with declared export manufacturing needs.