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<h1>Foreign Trade Policy: SION Specifies Import Norms for Machinery Production, Including Materials, Components, and Permissible Wastage</h1> The Standard Input-Output Norms (SION) for capital goods and machinery under the Foreign Trade Policy. It specifies components and raw materials required for manufacturing machinery, detailing their proportions in the export product. Components include belts, motors, switches, and various fittings, while raw materials cover pig iron, steel, aluminum, copper, and plastics. Miscellaneous items like grease, paint, and chemicals have their import value restricted to 2% of the FOB value. Applicants must specify the weight and capacity of goods, ensuring imported items match those used in the export product, with calculations including permissible wastage.