Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>India Exempts Advance Authorisation Imports from Customs Duties with Conditions Under Customs Act, 1962.</h1> The Government of India issued a notification under the Customs Act, 1962, exempting materials imported under a valid Advance Authorisation from customs duties, including additional, safeguard, countervailing, and anti-dumping duties, subject to specific conditions. These conditions include presenting the authorisation at customs clearance, ensuring imports match the authorisation's specifications, and fulfilling export obligations within specified timelines. Importers must execute bonds to ensure compliance, especially if duties or tax credits have been availed. Imports and exports must occur through designated ports, and the authorisation and materials cannot be transferred or sold, except under specified conditions. Defective materials may be re-exported within six months.