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
- Amendments to SION A-222 for Export of Erythromycin Stearate Tablets
- Deadline Extended for Broken Rice Exports to Senegal Through NCEL
- Amendment in Export Policy: Key Changes to Chapter 23 of ITC(HS) 2022
- Withdrawal of Track and Trace System for Drug Export Formulations.
- Amendment in Import Policy for CTH 890690 (Chapter 89, ITC HS 2022)
- New RoDTEP Annual Return Filing Module
- DGFT amends Import Policy Condition of Glufosinate Technical
- Introducing the Diamond Imprest Authorisation Scheme: Boosting India’s Diamond Exports.
FeATURED ARTICLES
Amendments to SION A-222 for Export of Erythromycin Stearate Tablets The Director General of Foreign Trade (DGFT) has recently made…
Deadline Extended for Broken Rice Exports to Senegal Through NCEL In a recent update from the Central Government, the export…
Amendment in Export Policy: Key Changes to Chapter 23 of ITC(HS) 2022 The Central Government has made amendments to the…
Withdrawal of Track and Trace System for Drug Export Formulations. The Director General of Foreign Trade has officially withdrawn Para…