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of <h1>India Exempts Manufacturing Materials from Customs Duties Under Customs Act, 1962 for Advance Authorisation Scheme.</h1> The Government of India issued a notification under the Customs Act, 1962, exempting materials required for manufacturing final goods from customs duties under the Advance Authorisation Scheme for deemed exports. This exemption is subject to conditions, including obtaining an Advance Authorisation, presenting it at customs clearance, and fulfilling export obligations. Importers must execute bonds and provide evidence of fulfilling export obligations. The notification outlines specific conditions for importing and using materials, including restrictions on transfer and sale, and specifies the ports and locations for imports and exports. It also defines terms such as 'dutiable goods,' 'final goods,' and 'materials' within the context of the Foreign Trade Policy 2015-2020.
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