Duty Exemption Schemes: duty free import or remission for export inputs subject to value addition and export obligations. Chapter 4 sets out Duty Exemption and Duty Remission schemes: Advance Authorisation and DFIA enable duty free import of inputs (including fuel and ... Summary
Duty Exemption Schemes: duty free import or remission for export inputs subject to value addition and export obligations.
Chapter 4 sets out Duty Exemption and Duty Remission schemes: Advance Authorisation and DFIA enable duty free import of inputs (including fuel and mandatory spares) for export production subject to actual user conditions, value addition requirements and export obligations; DEPB provides duty credit to neutralise import content; DFIA applies to SION notified items with minimum value addition and CENVAT interactions; sectoral specialisations, notably Gems and Jewellery, have tailored replenishment, nominated agency, transferability and wastage rules.
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