Import against Advance Authorization under FTP

[Arti Gupta]

Sir,

I have following queries regarding import against Advance Authorization under Foreign Trade Policy:

1)Can an Authorization where EODC has been received and subsequently Bond/BG has been closed at the Cutoms, be revived? If Yes, How? If No, Is there any specific provision in this regard?

2) Can we avail an advance authorization specifically for import of spares?If yes, kindly explain the procedure.

3)Where has been term 'Mandatory Spares' defined ?

AI Summary

Advance Authorization can't be revived post-EODC and Bond/BG closure; spares covered under EPCG scheme, not separately. An individual inquired about the possibility of reviving an Advance Authorization after receiving an EODC and closing the Bond/BG at Customs, and whether an Advance Authorization can be obtained specifically for importing spares. Responses clarified that once an EODC is issued and the Bond/BG is canceled, the Authorization cannot be revived. It was confirmed that an Advance Authorization for spares is not typically issued separately; however, spares may be imported under the EPCG scheme, with a provision allowing for 10% of the CIF value for spares related to capital goods imported under EPCG.