Pre-Import Conditions for Advance Authorisation and the Supreme Court Verdict – All Explained
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
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Recent Posts
- Export of Wheat to Nepal through National Cooperative Exports Limited (NCEL)
- Imposition of Minimum Import Price (MIP) on import of Soda Ash covered under Chapter 28 of ITC (HS) 2022, Schedule -I (Import Policy).
- Imposition of Minimum Export Price (MEP) on Export of Honey.
- Standard Operating Procedure (SOP) for Export Authorisations for Restricted Seeds and Planting Materials.
- Procedure for filing application for obtaining Import Authorisation for import of Low Ash Metallurgical Coke subject to Country-wise Quantitative Restrictions (QR)- Regarding.
- Imposition of Quantitative Restriction on import of Low Ash Metallurgical Coke under Chapter 27 of ITC (HS) 2022, Schedule – I (Import Policy).
- Extension in Import Period for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule -I (Import Policy)
- Import of Menthol under Advance Authorisation/DFIA
FeATURED ARTICLES
Export of Wheat to Nepal through National Cooperative Exports Limited (NCEL) The Central Government has granted permission for the export…
Imposition of Minimum Import Price (MIP) on import of Soda Ash covered under Chapter 28 of ITC (HS) 2022, Schedule…
Imposition of Minimum Export Price (MEP) on Export of Honey. The Indian government has extended the Minimum Export Price (MEP)…
Standard Operating Procedure (SOP) for Export Authorisations for Restricted Seeds and Planting Materials. To simplify the export process and reduce…
