This amendment modifies provisions regarding unutilized ...

Simplifying procedures for unutilized duty-free imports under Advance Authorizations eases compliance burden.

Circulars DGFT

August 23, 2024

This amendment modifies provisions regarding unutilized duty-free imported materials under Advance Authorizations. In case of shortfall in Export Obligation fulfillment, the Authorization holder can submit a self-declaration with Chartered Accountant's certificate on destruction of unutilized materials, accompanied by an indemnity bond, or proof of re-export as per Para 4.42, without specifying re-export to the same supplier. Exports made under any shipping bill after Export Obligation period, using unutilized drugs, shall be accepted in lieu of destruction certificate, provided the exported drug matches the authorized export item. However, applicable duties and interest must be paid on unutilized imported quantity. These changes simplify procedures, reduce compliance burden, and enhance ease of doing business.

View Source

← Previous Next →

This amendment modifies provisions regarding unutilized ...

Simplifying procedures for unutilized duty-free imports under Advance Authorizations eases compliance burden.

Circulars DGFT

August 23, 2024

You may also like:

Duty Free Import Authorization (DFIA) Scheme - If the applicant is aggrieved by the application of the Duty Free Import Authorization Scheme to the parties like the...

Refusal for allowing advance authorisation and a duty free import authorisation (DFIA) - relaxation is not a right and nothing accrues in the petitioners' favour to...

Rationalization of procedures in handling EODC requests under Advance/EPCG Authorizations

Rationalization of procedures in handling redemption requests under Advance/EPCG Authorizations

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...

Seeks to remove pre-import condition and include specified deemed export supplies for exemption from integrated tax and Compensation cess for materials imported against...

Duty Free Import Authorisation Scheme (DFIA) - Application for second extension of validity of the Duty Free Import Authorisation - rejection on the ground that the...

Legality of import of ‘wheat gluten amygluten 160’ - production of ‘duty-free import authorization (DFIA)’ licenses, permitting import of ‘flour’ for the manufacture of...

Exemption additional duty, safeguard duty and anti-dumping duty for import of fabrics under Special Advance Authorization Scheme

Waiving off the requirement of destruction certificate from excise/custom authorities for the unutilised duty free imported material in case of imports from unregistered...

Confiscation of goods - Clandestine removal of bunkers - import of duty free Furnace Oil & HSD Fuel Oil under warehouse procedure - The tribunal conducted a thorough...

Extended period of limitation - Benefit of notification - disposal of goods imported against Duty Free Import Authorizations Licence (DFIA) - export obligation was met -...

The High Court considered the issue of whether Sweet Whey powder can be cleared duty-free as a "Leavening Agent" under a duty-free import authorization license. The...

Prevention of use of non-genuine transferable duty credit scrips or DFIA (duty free import authorizations) - Circular

100% EOU - demand of customs duty on the raw material imported duty free - removal of finished goods in DTA without having any permission from the Development...

Quick Updates: