TaxTMI 
TaxTMI 
Advane authorization scheme - storage of inputs
08 Nov 2014 
6 Replies 
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Advance authorization storage requirement: pre export imports must be used exclusively to meet export obligations under FTP rules.
Advance authorization allows duty free import of inputs physically incorporated in export products and certain consumables, subject to possible exclusions. Inputs must be stored separately or clearly identified and accounted for, with consumption and stock records maintained for periodic submission. Under the pre export import option, export obligations must be met using the specific inputs imported under the advance authorization; the post export option permits alternative sequencing. (AI Summary)
Advance authorization allows duty free import of inputs physically incorporated in export products and certain consumables, subject to possible exclusions. Inputs must be stored separately or clearly identified and accounted for, with consumption and stock records maintained for periodic submission. Under the pre export import option, export obligations must be met using the specific inputs imported under the advance authorization; the post export option permits alternative sequencing. (AI Summary)
Dear Experts. GOOD MORNING TO ALLSirs1. Whether there is any requirement for the separate storage of inputs imported duty free under advance authorization. 2. Whether there is any provision that the final products which are to be exported to fulfill export obligation are to be manufactured only and only from the inputs imported under advance authorization. Pl. Reply. Thanks and regards.