Clarification31 Jul 2026, 06:00 pm
Nitta Gelatin India Ltd: SION Impact Has No Financial Bearing
AI Summary
Nitta Gelatin India Ltd has made representations to the DGFT through an industry body for the restatement of Input Output Norms (SION) for Gelatin and Ossein, based on a technical assessment. The company has legally evaluated the matter and concluded there is no financial impact from this revision. Customers for Ossein and Limed Ossein have agreed to absorb any potential obligation. Since July 2026, the company has been importing under the Duty Drawback Scheme. Based on the current situation, the change in SION is not expected to have a significant financial bearing on the company.
Key Highlights
- Representations made for SION restatement based on technical assessment.
- Company legal evaluation indicates no financial impact from SION revision.
- Customers to absorb any potential export obligation shortfall.
- Importing under Duty Drawback Scheme since July 2026.
- Change in SION has no significant financial bearing.
Price Impact
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