Duty Exemption and Remission Scheme governs advance authorisations and duty free imports tied to export obligations. The Duty Exemption/Remission Scheme authorises imports against specified export obligations through instruments such as Advance Authorisation, DFIA and ... Summary
Duty Exemption and Remission Scheme governs advance authorisations and duty free imports tied to export obligations.
The Duty Exemption/Remission Scheme authorises imports against specified export obligations through instruments such as Advance Authorisation, DFIA and DEPB. Authorisations are issued under published or adhoc norms, specify inputs and export obligations, and require endorsements, BG/LUT where applicable, and strict recordkeeping. Regional Authorities and the Norms Committee manage norm fixation, entitlement limits, monitoring of export obligation fulfillment, extensions, regularisation of shortfalls by payment of customs duty, interest and composition fees, and enforcement actions for misrepresentation or default.
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