DGFT
Can your imported component go directly into the export product? Net to Net Basis may simplify then orms process.
Advance Authorisation Net to Net Basis applies where an imported component has a direct, traceable one-to-one relationship with the export product without blending or transformation. This video covers how Net to Net Basis can avoid Norms Committee referral in applicable cases, particularly for annual requirement authorisations. It also explains what Net to Net Basis does not cover, including wastage calculations, and discusses the accountability requirement for maintaining production, batch, and export records. The video highlights the importance of verifying direct use of the imported component and selecting SION or ad-hoc norms where Net to Net Basis does not apply.
Time Stamps:
0:00 Start
0:21 Introduction
0:38 What Net to Net basis actually is
1:28 What it's not
2:01 Who typically uses it
2:33 The accountability clause, the catch
3:11 Before you rely on it
3:35 Next steps
3:57 End
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