Pre-Import Conditions for Advance Authorisation and the Supreme Court Verdict – All Explained
Advance Authorization Scheme is one of the incentive schemes provided by Indian Government thorough its government agency called DGFT – Director General of Foreign Trade.
To increase the competitiveness of India’s exporters globally by offering incentives on procurement of raw materials and related incentives.
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.
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 extends the RoDTEP scheme for exports made from 1st October, 2023.
- DGFT clarifies issues raised concerning Pre-Import Conditions under Advance Authorisation
- DGFT De-lists agencies authorized to issue Certificates of Origin (Non-Preferential)
- DGFT amends the Export Policy of Food Supplements containing Botanicals
- DGFT revises Standard Input Output Norms for Leather, Leather Products and Footwear
- DGFT permits export of Non-Basmati White Rice to Bhutan, Mauritius and Singapore through National Cooperative Exports Limited (NCEL)
- What is Preferential Certificate of Origin? Who is authorised to issue the Preferential CoO?
- Central Govt. changes the Registration Fees for SIMS to Rs.500/- flat