A Duty-Free Import Scheme provides duty-free import of inputs that are physically included in export products (making normal allowance for wastage). Furthermore, fuel, oil, energy, and catalysts consumed or used to obtain export product are permitted.
Duty-free imports of inputs that are physically incorporated in an export product are permitted under the Advance Authorisation Scheme. In addition to any inputs, packing materials, fuel, oil, and catalyst that are consumed or used in the production of export products are permitted.
No, even after the holder has completed the Export Obligation, the Advance License is not transferrable. This means that even when the Export Obligation is fulfilled, raw materials cannot be moved.
An exporter must have had export performance for at least the previous two financial years to be qualified for the Advance Authorisation yearly requirement. The FOB value of the realised export should be greater than 15% of the CIF value of the scheme-covered input.
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