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Pre-Import Ghost Finally Laid to Rest: DGFT's 2025 Circular Unlocks Stuck Advance Authorisations
For seven long years, a peculiar mix of GST rules, customs notifications and FTP conditions kept a large chunk of Advance Authorisations (AAs) stuck in redemption limbo. Regional Authorities (RAs) hesitated to issue Export Obligation Discharge Certificates (EODCs), customs formations were wary of revenue loss, and exporters - who had largely acted in good faith - were caught between three different policy silos...... Read More
The Foreign Trade Policy (FTP) 2023 incorporates the various provisions relating to export and import of goods and services. To promote the exports made by the country various schemes are introduced by the government. The Advance Authorisation Scheme is one of such scheme. In this article we are going to discuss in detail about the advance authorisation scheme and who is eligible for such scheme................ Read More