DGFT - Highlights / Catch Notes

The Policy Circular No. 01/2024 issued by the Directorate ...

Clarification on fulfilling export obligation of Advance Authorisation under Customs Notifications, allowing options for physical exports or domestic supplies.

Circulars DGFT

May 22, 2024

The Policy Circular No. 01/2024 issued by the Directorate General of Foreign Trade provides clarification on the discharge of export obligations of Advance Authorisation (AA) under specific Customs Notifications. Advance Authorisation holders have the option to fulfill export obligations through physical exports or domestic supplies as per FTP 2015-2020 guidelines. The circular harmonizes Para 4.14 of FTP 2015-2020 with Customs Notification No. 01/2019-Customs, allowing AA holders issued after 10.01.2019 to choose various options for fulfilling export obligations, including supplies to specific entities and capital goods supply against EPCG authorization. Holders of Advance Authorisation for deemed exports under Customs Notification No. 21/2015-Customs can also fulfill obligations through specified supplies or physical exports. The circular is approved by the DGFT and provides clarity on compliance options for AA holders.

View Source

← Previous Next →

The Policy Circular No. 01/2024 issued by the Directorate ...

Clarification on fulfilling export obligation of Advance Authorisation under Customs Notifications, allowing options for physical exports or domestic supplies.

Circulars DGFT

May 22, 2024

You may also like:

Advance Authorization Scheme - Non-fulfilment of Export obligation - The appellants have fulfilled the conditions of export obligation after the expiry of the export...

The appellant had imported raw materials duty-free under the Advance Authorisation Scheme but erroneously filed shipping bills under the Duty Drawback Scheme. The court...

CESTAT AHMEDABAD ruled on Anti-Dumping Duty (ADD) for imports of "Cold Rolled Flat products of Stainless Steel" from China. The issue was the fulfillment of Export...

Whether the clearance made in DTA against Advance Authorisation, where payments are not received in foreign currency, are admissible for the purpose of fulfilling export...

Misuse of Advance Authorisation for export of garments - Diversion of imported goods into open market without using the same in export goods - The Tribunal upheld the...

Imposition of penalty - delay in fulfilling export obligation - after the amendment, Licensing Authority may grant extension in fulfilling the export obligation by a...

Advance Authorisation Scheme - Request of the appellant for endorsing advance authorisation numbers on the free shipping bills and for issue of NOC for considering the...

EPCG Scheme - failure to fulfill the conditions stipulated in the license - failure to submit the export obligation discharge certificate EODC issued by the licensing...

Fiscal Penalty on nominee directors - failure to fulfill the export obligation under DEPB licenses - HC

Refund claim - Advance Authorization Scheme - The indisputable position is petitioner has fulfilled its export obligations and, therefore, respondent no.3 should have...

Advanced Authorization Scheme - Export Obligation not fulfilled - declaring the petitioner to be a defaulter and placing the petitioner under the “Denied Entry List” -...

Relaxation in provision of submission of 'Bill of Export' as an evidence of export obligation discharge for supplies made to SEZ units in case of Advance Authorisation - Circular

This amendment modifies provisions regarding unutilized duty-free imported materials under Advance Authorizations. In case of shortfall in Export Obligation fulfillment,...

Recovery of duty foregone - non-fulfillment of export obligation - non-installation of the capital goods and consequent non-fulfilment of post-importation condition -...

Advance Licensing - Notification No. 30/1997, dated 1-4-1997 - export obligation - Public Notice dated 7-11-2002 - the assessee was entitled to seek extension of export...

Quick Updates: