FTA Benefit Eligibility for FOC Imports, Customs - Exim - SEZ

[Sudhir M]

Can FTA benefits be availed when importing goods as Free of Cost (FOC), while paying customs duty on the commercial value? The concern is that we need to satisfy the Regional Value Content (RVC) requirement under FTA, which is based on the FOB value of the goods. However, in this case, the actual value is nil, whereas for customs duty payment purposes, we will use a commercial value.

Posts / Replies

[Shilpi Jain]

FTA with which country are you referring to? i.e. import is from which country?