Self-Ratification scheme for Advance Authorizations urged to increase use to reduce transaction time and costs. Self-ratification under para 4.07A of the Foreign Trade Policy allows Authorized Economic Operators to obtain Advance Authorizations on self-declaration where SIONs are not notified, bypassing Norms Committee ratification; AEOs using duty exemption schemes are urged to use this facility and Export Promotion Councils and DGFT Regional Authorities should disseminate information to increase uptake and reduce transaction time and costs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Self-Ratification scheme for Advance Authorizations urged to increase use to reduce transaction time and costs.
Self-ratification under para 4.07A of the Foreign Trade Policy allows Authorized Economic Operators to obtain Advance Authorizations on self-declaration where SIONs are not notified, bypassing Norms Committee ratification; AEOs using duty exemption schemes are urged to use this facility and Export Promotion Councils and DGFT Regional Authorities should disseminate information to increase uptake and reduce transaction time and costs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
