Duty-Free Import Authorisation (DFIA): Maximise Export Benefits

The Duty-Free Import Authorisation (DFIA) Scheme is a vital export incentive under the Foreign Trade Policy (FTP) 2023. It allows exporters to import inputs duty-free, reducing production costs and enhancing global competitiveness. This guide breaks down its provisions, eligibility, exemptions, and operational framework.

Why DFIA? A Quick Overview [Para 4.24 of FTP 2023]

Think of DFIA as your golden pass to duty-free imports. It helps exporters by:

Who Can Apply for DFIA? [Para 4.26 of FTP 2023]

Not everyone qualifies for DFIA. Here’s what you need to know:

What Duties Are Exempted? [Para 4.25 of FTP 2023]

DFIA grants relief from Basic Customs Duty (BCD). However, other duties and taxes must still be paid. Additionally:

How Much Value Addition is Required? [Para 4.27 of FTP 2023]

Your exported goods must have at least 20% value addition over imported inputs to qualify for DFIA benefits.

DFIA Validity & Transferability [Para 4.28 of FTP 2023]

DFIA authorisations come with strict rules:

Sensitive Items Under DFIA [Para 4.29 of FTP 2023]

Certain inputs under DFIA are classified as sensitive items, requiring additional details to ensure compliance.

Exporter’s Declaration:

While exporting, the technical characteristics, quality, and specifications of the following inputs must be declared in the Shipping Bill:

Regional Authority’s Endorsement:

When granting a DFIA, the Regional Authority must clearly mention the technical characteristics, quality, and specifications of these inputs in the authorisation.

How to Apply for DFIA? [Para 4.53 of Handbook of Procedures]

Step 1: Apply for DFIA Before Export

Step 2: Request Transferable DFIA After Export

Missed the Deadline? Here’s What Happens [Para 11.02 of Handbook of Procedures]

If an application for DFIA is submitted after the deadline, it may still be considered with a late cut as follows:

Key Features of an DFIA [Para 4.26 of Handbook of Procedures]

A DFIA shall include the following details:

Can DFIA Be Split? Yes! [Para 4.54 of Handbook of Procedures]

Exporters can request splitting of a DFIA into multiple authorisations. However:

What If the Imported Goods Are Defective? [Para 4.55 of Handbook of Procedures]

Maintenance of Records for DFIA Imports and Utilization [Para 4.56 of Handbook of Procedures]

Import & Export Restrictions: Prohibited, Restricted, and STE Goods [Para 4.18 of FTP 2023]

Certain goods face specific restrictions when imported or exported under DFIA:

Domestic Sourcing of Inputs [Para 4.20 of FTP 2023]

DFIA holders are not limited to direct imports; they can also source inputs domestically:

Final Thoughts: Is DFIA Right for You?

If you’re an exporter looking to slash import costs and enhance profitability, DFIA could be your best bet. However, strict documentation and compliance are key to maximizing its benefits. By understanding and leveraging DFIA strategically, you can position your business for greater global success!

Disclaimer: The information given in this article is solely for purpose of understanding the law. It is completely based on the interpretation of the author and cannot be constituted as a legal advise, the author of this article and Lawcrux team is not responsible for any legal issues if arises on the basis of the interpretation given above.