Duty Exemption and Remission Scheme

Ministry of Commerce and Industry

 

Duty exemption schemes enable duty free import of inputs required for export production. Duty exemption schemes consist of:

a) Advance Authorisation scheme

b) Duty Free Import Authorisation (DFIA) scheme

2. A Duty Remission Scheme enables post export replenishment / remission of duty on inputs used in export product. Duty Remission Schemes consist of :

a) Duty Entitlement Passbook (DEPB) Scheme

b) Duty Drawback (DBK) Scheme


 

Scheme Benefits & Highlights

An Advance Licence is issued to allow duty free import of inputs, which are physically incorporated in the export product (making normal allowance for wastage). In addition, fuel, oil, energy, catalysts etc. which are consumed in the course of their use to obtain the export product, may also be allowed under the scheme.

The Financial Benefits under the scheme are as follow:

1. Duty exemption schemes enable duty free import of inputs required for export production.

2. A Duty remission scheme enables post export replenishment/remission of duty on inputs used in export product.

Advance Licence can be issued for:-

a)

Physical exports:- Advance Licence may be issued for physical exports including exports to SEZ to a manufacturer exporter or merchant exporter tied to supporting manufacturer(s) for import of inputs required for the export product.

b)

Intermediate supplies:- Advance Licence may be issued for intermediate supply to a manufacturer-exporter for the import of inputs required in the manufacture of goods to be supplied to the ultimate exporter/deemed exporter holding another Advance Licence

c)

Deemed exports:- Advance Licence can be issued for deemed export to the main contractor for import of inputs required in the manufacture of goods to be supplied to the categories mentioned in paragraph 8.2 (b), (c), (d) (e) (f),(g) (i) and (j) of the Policy.

Eligibility
  • MSME involved in the export business, which can be issued a advance license. 
  • More details are available at: click here

 


Nature

Note-
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