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Debit of advance authorization/DFIA based on balance CIF value of inputs in freely convertible currency-regarding

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Full Text of the Document

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....FIA based on balance CIF value of inputs in freely convertible currency-regarding. Trade & Industry have represented that at the time of clearance of import consignment against DFIA/advance authorization, Customs authority at some of the field formations are not allowing debit of CIF value in freely convertible currency in case the CIF value in Rupee terms has been exhausted. The matter has been....

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