Advance Authorization
Description:
Advance Authorization Scheme is one of the incentive schemes provided by Indian Government thorough its government agency called DGFT – Director General of Foreign Trade.
Objective:
To increase the competitiveness of India’s exporters globally by offering incentives on procurement of raw materials and related incentives.
Benefit:
Under Advance authorization Scheme AAS, exporter can import raw-materials and related inputs under 100% duty exemption schemes. Advance Authorization are issued for raw materials and related inputs for manufacturing export items under Standard Input Output Norms (SION) set by the Government of India. However, these can also be issued on the basis of Adhoc norms or self declared norms in some situations as allowed.
Eligibility:
Advance Authorisation can be issued to a manufacturer/exporter/merchant exporter tied to supporting manufacturer(s) for: – Physical exports (including exports to SEZ) – Intermediate supplies – Supply of ‘stores’ on board of foreign going vessel / aircraft subject to condition that there is specific SION in respect of item(s) supplied
DGFT
Legal
Company Secretarial
DGFT Notifications
Others
Recent Posts
- Customs notifies Advance License holders to get Closure/EODC
- DGFT Drastically reduces composition fees for EOP Extension
- RoDTEP benefits now extended to Pharma, Chemical and Steel Sectors
- DGFT announced amendments in the SCOMET List
- DGFT User Registration – Explained Stepwise
- DGFT announces relaxation in TMA Scheme Application for Agri-Exporters
- What is MOOWR Scheme and How Can You Benefit From It?
- why is aeo certification from customs so important?
FeATURED ARTICLES
customs intimates advance authorisation holders to obtain closure/eodc and proceed with bond/bg cancellation Customs Public Notice No. 15/2023 has recently…
EOP Extension Fees Reduced and Simplified Drastcally by DGFT The Directorate General of Foreign Trade announced on Wednesday 18th January…
RoDTEP benefits now extended to Pharma, Chemical and Steel Sectors On 7th December 2022 (Wednesday), the DGFT announced with Notification…
DGFT Announced Amendments in the SCOMET List – all you need to know The Directorate General of Foreign Trade (DGFT)…