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 for spares: not available generally; spares import arises under EPCG entitlements and SION norms.
Revival of an Advance Authorization is not permitted after DGFT issues the EODC and Customs cancels the bond and bank guarantee. Advance Authorizations require SION norms or ad hoc norms from the DGFT committee where SIONs are absent. Separate Advance Authorizations exclusively for spares are not provided under the FTP; spares import entitlement is addressed under the EPCG scheme for spares related to capital goods imported under EPCG.