The Union Government set to relax rules under Advance Authorisation scheme for exporters.
Exporters are allowed duty-free import benefits under the Advance Authorisation (AA) scheme, even if their goods were shipped before the licence was issued.
Until recently,if the shipment left the foreign port before the date on which the AA licence was granted, the benefit of duty exemption should not be available.
The scheme allows exporters to import the inputs, such as the raw materials, its components, or chemicals, without paying Customs duty, on the condition that these will be used to manufacture products for export.
However, this relaxation won’t apply to restricted goods or products that can only be imported through designated government agencies, unless the DGFT gives special permission.