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How to Apply for Duty Free Import Under the Advance Authorisation Scheme?

The Advance Authorisation Scheme is a duty exemption program issued to manufacturers so that they can import inputs duty free to produce export-oriented products. These inputs can be raw material, unrefined, unmanufactured or in manufactured state. Online import export course avails you the best of understanding on import export sitting in any corner of the country.

Advance Authorisation Scheme is Issued for:

1 Physical Export 2 Intermediate Supply (Supply to someone who is holding an advance license) 3 Supply of stores on board of foreign going vessels/ aircraft 4 Supply of goods (Deemed exports)

Actual User Condition under Advance Authorisation Scheme:

AA issued and the material imported thereunder will be with actual user condition. It means that the material cannot be transferred, and it has to be used in the premises of the license holder only. The authorization will not be transferable even after completion of export obligation.

Terms and Conditions under Advance Authorisation Scheme:

  • Items prohibited for exports or imports are not allowed under Advance Authorisation.
  • AA is issued subject to actual user condition.
  • Inter Unit Transfer of Inputs permitted.
  • Certain products have less/more value addition.
  • Certain categories of input are ineligible for benefits.
  • Free of cost material permitted for imports.
  • Duty drawback shall be available for only duty paid inputs used.
  • 15% is the minimum value addition to be achieved.
  • Import of restricted items shall also be allowed under AA Scheme.

Steps for Duty free Import Authorization:

Applicants can apply to avail the scheme on the DGFT website www.dgft.gov.in with a valid IEC code.

  • Applicants must assure that export proceeds are realized in freely convertible currency. 
  • Advance Authorization is valid for 12 months from the date of issue. In case of deemed exports, the Authorization is connected to the contracted duration of project execution or 12 months from the date of issue of Authorization, whichever is more. 
  • The exporter has to share their export performance for the last two years. The value of the export realized should be more than 15% of the CIF value of the input covered by the scheme. 
  • At the time of export of products, it is mandatory to mention the file number on the export documents like shipping bill, bill of export,
  • After completion of export and realization of proceeds, the applicant can request for issuance of transferable Duty Free Import Authorization to the concerned regional authority. 
  • Export under Duty Free Import Authorization should be made from a single port. 
  • Separate Duty Free Import Authorization shall be issued for each Standard Input Output Norms (SION) and for each port. 
  • Duty Free Import Authorization shall not be issued for the export of products where Standard Input Output Norms prescribes actual user conditions for any input.

Digital Exim provides online import export training courses. It is India’s only Integrated Export, Import, Shipping, & Logistics Program. Digital Exim provides export import classes, 6 month consultancy, and life time help desk. Attend a live doubt solving session with our trade managers.    For more information visit our site!

Why Do You Require An Export Import Consultant In India?

No one is born master! You are always learning in Life either personally or professionally. For all the newbies, they ought to take export import consultancy services. There are no shortcuts in starting your export import journey. 

“Research shows that you begin learning in the womb and go right on learning until the moment you pass on. Your brain has a capacity for learning that is virtually limitless, which makes every human a potential genius.”

– Michael J. Gelb

Why is an Import Export Consultant is Must?

There are many ways to escape the import export consultant part, i am sure. But one should believe is that learning instead of running always works the best. The World is changing every single day, in this change we must advance. How? Through an endless process called ‘Learning’. Digital Exim always works tirelessly to not just support but to guide future exporters/ importers. Undoubtedly, Digital Exim gives the best export import consultancy services.

Risk Free Export Import Business:

Business is never a risk Free cup of tea but at the same time if you have proper knowledge then nothing is impossible as well. Things turned out easy when you have enough training & knowledge of it. Never Think that you are the master of the export import industry, even if you are an experienced businessman. As Mahatma Gandhi rightly said “Live as if you were to die tomorrow. Learn as if you were to live forever.” Also while starting your export import journey, you think so much of stuff from the planning to getting profit. Nobody wants their dreams to be discouraged. So this is why import export consultancy service plays a significant role. 

Beware of Frauds:

In the start of your export import journey you never know who is what? & you might trust some import export consultancy group which may just loot you. Basically, in the current export import industry, many groups take money in the name of consultancy but they do not give the services accordingly. It is very important to choose the right export import consultancy group. A group which is trusted by most is something that every newbie should go with. Here, as the building trust on some group turns high, the research work comes. Your research defines your vision in selecting the right export import consultancy group. Hence the best import export consultancy services in India is must.

Being Digital In This Tough Times 

Now all the consultancy groups are running digitally. As per the current situation, this is the best way/option. The Trusting factor here too impacts negatively. There is no need to get panicked. All the passionate & great minds will definitely come to know how the digital world is really impactful. Now with the advancement of time, buckle up your seat belt & rock the world with advancement. Time for export import business digitally! Read out our previous blog  ‘What Are The Advantages Of Online Export Import Course In India? 

Last Words 

Here, all the necessary details about the topic have already been covered for export import. But  still some things should be clearly spoken in order to get proper clarity. First thing first, you cannot just stop saying ‘No’ to the process called ‘Learning’. Every Great leader focuses more & more on ‘Learning’. Why? There is something very Impactful in it! The Export Import Business has a variety full of challenges & once you start there is no going back. I guess there is too much of the bright & dark side i have mentioned but still being an Exporter/ Importer is great. This Export Import Field surely has the potential to earn you maximum profit. This Field has made people millionaires not overnight ofcourse it required endless challenges. So, push yourself more & become the best International businessman under India’s finest consultancy group

Conclusion

This field of Export Import is never easy for the beginners. Newbies ought to take import export consultancy service otherwise they are likely to fall miserably. Also, the point of debate is not just export import consultancy but the competition. We cannot hardly see a monopoly market. The Questions are many but the answer lies in proper training. Digital Exim, pioneer in the field of Export Import Since many years. Be the Best & leave behind the Rest! Join Digital Exim now, india’s Best Export Import Consultancy Group. Call on 9505506333 or Start exploring our Youtube Channel https://bit.ly/3drL496

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