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TMI BlogImplementation of Advance Authorisation Scheme for export of prohibited goods under Foreign Trade Policy, 2023 - exempts materials imported into India against an Advance Authorisation issued under Foreign Trade Policy meant for export of a prohibited item.X X X X Extracts X X X X X X X X Extracts X X X X ..... ls imported into India against an Advance Authorisation issued in terms of paragraph 4.03 read with paragraph 4.18 (i) of the Foreign Trade Policy meant for export of a prohibited item in terms of paragraph 4.05 of the Handbook of Procedures (hereinafter referred to as the said authorization) from the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 to 1975) (hereinafter referred to as Customs Tariff Act) and from the whole of the additional duty, leviable thereon under sub-sections (1), (3) and (5) of section 3 , integrated tax leviable thereon under sub-section (7) of section 3 , the goods and services tax compensation cess leviable thereon under su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in respect of which the conditions specified in this notification are not complied with, together with interest at the rate of fifteen per cent per annum from the date of clearance of the said materials; (vi) that the imports under the said authorisation and the subsequent exports for fulfilling the export obligation are undertaken only through the seaports or airports or Inland Container Depots or Land Customs Stations which are specified in the Table below:- TABLE S. No. EDI- enabled Port/ ICD/LCS Located at 1. Seaport Bedi (including Rozi-Jamnagar), Chennai, Cochin, Dahej, Kakinada, Kandla, Kattupalli (Tamil Nadu), Kolka ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y terms) is discharged within ninety days from the date of clearance of imported materials by exporting the resultant product (specified in the said authorisation),- (a) which is manufactured in India using the material imported against the said authorisation; and (b) in respect of which the facility under rule 18 (rebate of duty paid on materials used in manufacture) or sub-rule (2) of rule 19 of the Central Excise Rules, 2017 has not been availed; and (viii) that the Authorisation Holder fulfills the export obligation, including the stipulated value addition; (ix) that nothing contained in the provisions of Para 4.49 of Handbook of Procedures shall be applicable in relation to the said authorisation; (x) that at t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tant Commissioner of Customs, as the case may be, as the materials which were imported. Explanation, - For the purpose of this notification, - (I) Foreign Trade Policy means the Foreign Trade Policy, 2023 , published by the Government of India in the Ministry of Commerce and Industry, vide notification No. 01/2023, dated the 31st March, 2023; (II) Handbook of Procedures means the Handbook of Procedures, 2023 published by the Government of India in the Ministry of Commerce and Industry vide public notice No. 01/2023, dated the 1st April 2023; (III) Manufacture has the same meaning as assigned to it in paragraph 11.31 of the Foreign Trade Policy ; (IV) Materials means raw materials, consumables, fuel and packag ..... X X X X Extracts X X X X X X X X Extracts X X X X
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