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of <h1>Central Government Exempts DFRC License Imports from Customs Duties Under Customs Act, 1962, Aligns with Export-Import Policy 1997-2002.</h1> The Central Government, under the Customs Act, 1962, exempts materials used in manufacturing resultant products from customs duties when imported with a duty-free replenishment certificate (DFRC) license. This exemption applies if the importer presents the DFRC license, detailing the standard input-output norms, shipping bill numbers, and product specifications. The license and materials must be transferable, and transactions occur through specified ports, airports, or inland container depots. The Commissioner of Customs may authorize other locations under specific conditions. The notification aligns with the Export and Import Policy, 1997-2002, and defines 'materials' as raw materials, components, and packaging materials.
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