ADVANCE LICENCE SCHEME

 

An Advance Authorisation Scheme allows duty free import of inputs, which are physically incorporated in export product (making normal allowance for wastage). In addition, fuel, oil, energy, catalysts which are consumed / utilised to obtain export product are also allowed.

 

Eligibility:

Incentive:

Duty free import of mandatory spares upto 10% of CIF value of Authorisation which are required to be exported / supplied with resultant product are allowed under Advance Authorisation. Advance Authorisations are issued for inputs and export items given under SION.

 

Advantages:

Advance Authorisations are exempted from payment of:

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*All above subject to EXIM policy in force