The government opted to relax regulations under the Advance Authorisation (AA) Scheme, permitting exporters to obtain duty-free advantages even if goods were dispatched prior to licence issuance, as long as the Bill of Entry is submitted after the licence date
What Is It?
An international trade policy measure permitting tax-exempt import of materials utilized in producing export goods.
Managed By: Directorate General of Foreign Trade (DGFT) within the Ministry of Commerce and Industry.
Objective: To decrease input expenses for exporters, thereby enhancing the international competitiveness of Indian products.
Essential Aspects of the Program:
Duty-Free Import: Permits the entry of raw materials, packaging, fuel, oil, and catalysts without incurring Customs duties.
Standard Input-Output Norms (SION): Exports are required to adhere to sector-specific norms established by DGFT. Exporters may also request specific norms if SION is not applicable.
Eligibility: Available to manufacturer exporters and merchant exporters associated with supporting manufacturers.
Physical Incorporation Principle: Inputs must be physically utilized or consumed during the production of the final export item.
Recent Easing:
Previous Rule: Duty exemption was denied if goods were shipped prior to the issuance of the AA licence, even if the Bill of Entry was submitted afterwards.
New Rule: Exporters are now eligible for benefits as long as the Bill of Entry is submitted following the issuance of the license, irrespective of the shipment date.
Relaxation does not pertain to restricted or canalised goods unless specific DGFT permission is obtained.
Effect: Eliminates uncertainty, simplifies Customs processing, and enhances exporter assurance in light of increasing logistics difficulties.
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