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of <h1>Customs Circular: Imports Under DFIA/Advance Authorization Must Use Balance CIF Value in Convertible Currency, Not Rupees.</h1> The circular addresses the issue of customs authorities not allowing the debit of CIF value in freely convertible currency for imports under DFIA/advance authorization when the Rupee value is exhausted. It clarifies that under the Advance Authorization and DFIA schemes, value addition should be calculated in freely convertible currency, not Rupees. Therefore, imports should be permitted based on the balance CIF value in freely convertible currency, regardless of the Rupee value status, as long as other authorization conditions are met. This directive is issued with the approval of the Directorate General of Foreign Trade.
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