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Source: The post is based on the article “DGFT implements the Advance Authorisation Scheme, allows duty-free import of inputs for export purposes” published in PIB on 17th July 2023
What is the News?
The Directorate General of Foreign Trade (DGFT) is implementing the Advance Authorisation Scheme.
What is an Advance Authorisation Scheme?
Directorate General of Foreign Trade(DGFT) implements the Advance Authorisation Scheme under the Foreign Trade Policy.
Purpose: The scheme allows duty-free import of inputs for export purposes.
– In addition to any inputs, packaging material, fuel, oil and catalyst which is consumed / utilized in the process of production of export products is also allowed.
– The quantity of inputs allowed for a given product is based on specific norms defined for that export product, which considers the wastage generated in the manufacturing process.
