DGFT
Planning to import inputs for exports? Advance Authorisation may reduce upfront customs duty.
This video covers Advance Authorisation under Chapter 4 of the Foreign Trade Policy 2023 and explains how exporters can import inputs duty-free for producing export goods. It covers eligibility for manufacturer and merchant exporters, import validity, export obligation timelines, revalidation and extensions. The discussion also explains value addition, clubbing, invalidation, bonds and bank guarantees, and the importance of obtaining an Export Obligation Discharge Certificate (EODC). It highlights that the duty benefit remains subject to fulfilling export obligations and completing applicable compliance requirements within the prescribed timelines successfully.
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