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
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DGFT Notifications
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Recent Posts
- DGFT amends policy condition under ITC (HS) code for Potatoes
- CPCB extends date to file Annual Returns for EPR Plastic
- DGFT modifies SION E-125 consisting export of SHEA STEARINE
- DGFT amends the Jewellery SION Norms under the HBP, 2023
- DGFT restricts imports of all Electronic and IT Goods
- CPCB changes validity of EPR Certificate from “One Year” to “One Time Registration”
- DGFT amends list of Ministries/Departments under Appendix 2Y of FTP, 2023
- Central Govt. permits export of Non-Basmati White Rice through NCEL
FeATURED ARTICLES
DGFT amends policy condition under ITC (HS) code for Potatoes The Central Government makes amendment in the Policy Condition for…
DGFT modifies SION E-125 consisting export of SHEA STEARINE Standard Input Output Norm (SION) E-125 for the export of Shea…
DGFT amends the Jewellery SION Norms under the HBP, 2023 The Director General of Foreign Trade makes the following amendments:…
DGFT restricts imports of all Electronic and IT Goods Central Government notifies the amendment in Para 2.31 of the Foreign…