Advance Authorization Scheme

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..... he FTP and procedures in force on the date of issue. 3.2 AA are issued for physical exports as well as deemed exports. The holder is required to fulfil export obligation (EO) by exporting specified quantity/value of resultant product. The AA and the materials imported are not transferable even after completion of EO. 3.3 AA usually have a minimum of 15% value addition (except for Gems and Jewellery Sector) as prescribed under para 4.09 of FTP The value addition for gems and jewellery and for specified goods is less than 15% as prescribed in Para 4.61 Para 4.60 of Handbook of Procedures. In case of Tea and spices the minimum value addition is 50% and 25% respectively. As per Appendix 11 in HBP 2009-14. (Appendix 4C in HBP 2015-20), Appendi .....

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..... th dated 01.04.2015 23/2023-Customs dated 01.04.2023] 3.6 Certain items that are otherwise prohibited for export may be exported under AA scheme, with conditions stricter than otherwise imposed including the export being allowed only from specified EDI enabled ports, subject to preimport condition under notified SION/prior fixation of norms by Norms Committee, export obligation period being 90 days from import clearance without extensions and import being subject to non-transfer, including for job work and actual user condition, and the inapplicability of provisions for regularisation of default, etc. [Refer Notification No. 1/2014-Cus, dated 17.01.2014 and No. 22/2015-Cus., dated 1.4.2015 and Circular No. 4/2014-Cus., dated 10.2.2014 24/ .....

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..... holder and grant one revalidation for six twelve months from expiry date as prescribed in Para 4.41 of Handbook of Procedure, 2015-20 Para 4.39 of Handbook of Procedure, 2023. For fulfilment of EO, normally a period of 18 months from the date of issue is specified, with certain exceptions of shorter or longer periods as prescribed in Para 4.42 of Handbook of Procedure 2015-20 Para 4.40 of Handbook of Procedure 2023. 3.10 Under the FTP 2015-20 FTP 2023, the exporters of gems and jewellery can import/procure duty free inputs for manufacture of export product under various schemes viz. (i) Advance Procurement /Replenishment of Precious Metals from Nominated Agencies: (ii) Replenishment Authorization for Gems; (iii) Replenishment Authorizatio .....

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