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of <h1>Export Boost for Polyester Staple Yarn: Duty-Free Fibre Procurement and Procedural Relaxations Announced.</h1> The circular addresses the export of Polyester Staple Yarn under the Intermediate Advance Licensing Scheme, highlighting challenges faced by exporters due to excise duties and procedural requirements. To promote exports, the Board allows yarn manufacturers to procure duty-free Polyester Staple Fibre with certain relaxations: the entire factory is considered bonded, local excise officers need not supervise fibre issues, and a one-time permission for procurement is granted. Manufacturers must enter a joint bond with licensing authorities to ensure export compliance. Customs and Excise Collectors are required to submit quarterly reports on this procedure's implementation for review and feedback.
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