DGFT
Are you an AEO-certified exporter using self-declared norms? Discover how the Self-Ratification Scheme (SRS) can help simplify the Advance Authorisation process.
This video explains the Advance Authorisation Self-Ratification Scheme (SRS) under the Foreign Trade Policy 2023 and how it applies to eligible AEO-certified exporters.
It covers what SRS is, who qualifies, and the product categories and conditions that may exclude exporters from the scheme. The video also explains how SRS removes the need for Norms Committee ratification while introducing the possibility of risk-based audits.
The discussion highlights the trade-off between ratification and audit, the documents required for filing, and the importance of maintaining consumption and utilisation records under Appendix 4.
Time Stamp:
0:00 Start
0:43 What SRS actually is
1:39 Who qualifies (and who doesn't)
2:34 The trade-off: audit instead of ratification
3:19 What you need to file and keep
3:59 What this doesn't change
4:49 End
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