India's Leading DGFT Consultants

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

FeATURED ARTICLES

Advance Authorization

Advance Authorization Description: Advance Authorization Scheme  is one of the incentive schemes provided by Indian Government thorough its government agency…

Leave a comment