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7/31/2019 Duty Exemption Scheme
http://slidepdf.com/reader/full/duty-exemption-scheme 1/18
DUTY EXEMPTION
SCHEME
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DUTY EXEMPTION SCHEME
PRESENTED BY:-
SANGRAM DESHMUKH
SANJU KUMARI
SATENDRA PANDEY
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Contents
Introduction
Advance authorization
Advance license Advance release order
Advance licenses for the annual requirement
Re-import of exported goods under duty exemption scheme
Advance licenses for applicant with multi unit
Description of advance authorization
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INTRODUCTION
Duty exemption scheme enable duty free import of inputs
required for export production.
Duty exemption scheme consist of :-
a] Advance authorization scheme
b] Duty free import authorization scheme
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INTRODUCTION (cntd ….)
A duty remission scheme :-
(a). DFRC
(b). DEPB
(c). DBK
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ADVANCE AUTHORIZATION
It is issued to allow duty free import of inputs, which arephysically incorporated in the export product.
Advance authorization are issued on the basis of the inputs andexports items given under SION. However, can also be issuedon the basis of Adhok norms or self declared norms.
Advance licenses can be issued either to a manufacturer exporter or merchant exporter tied to supporting manufacturer.
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ADVANCE LICENSES
For advance licenses SION has been published an application
in “Ayaat-Niryaat” along with document prescribed there in shallbe submitted to the license authority concerned.
Export made against the Government of India/Exim bank line of
credit would be entitled for benefits under the license scheme.
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ADVANCE RELEASE ORDER (ARO)
Indigenous sources/ State Trading Enterprises/ EOU/ SEZ/
EHTP/ STP/ BTP units in lieu of direct input has the sourcesthem against ARO.
Supplies may be obtained against the license from EOU/
EHTP/ BTP/ STP/ SEZ units, without conversion into ARO.
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Advance License for Annual
Requirement
It can be issued on the basis of annual requirement for physical
exports, intermediate supplies or deemed exports.
If this status holders are holding the certificate as merchant
exporter, they are also entitled to the Advance License.
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Re-import of exported goods under
Duty Exemption Scheme
Goods exported under Advance License/ DFRC/ DEPB may be
re-imported in the same or substantially the same form subjectmay be specified by the Department of Revenue.
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ADVANCE LICENSE FOR APPLICANT
WITH MULTI UNIT
Transfer of advance license from one unit of the company to
another unit of the same company for manufacturing. No benefits of CENVAT.
To avail the facility all units should be in IEC certificate.
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DUTY FREE REPLENISHMENT
CERTIFICATE
DFRC is issued to a merchant-exporter or manufacturer-
exporter for the import of inputs used in the manufacture of goods without payment of basic customs duty.
DFRC shall be issued on minimum value addition of 25%
except for items in gems and jewellery sector.
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DUTY FREE REPLENISHMENT
CERTIFICATE
DFRC may be issued in respect of exports for which payments
are received in non-convertible currency.
DFRC shall be issued only in respect of products covered The
export products, which are eligible for modified VAT, shall be
eligible for CENVAT credit/ service tax credit.
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Items of Export
The following items, if exported, would be eligible for the
facilities under these schemes
(a) Gold jewellery, including partly processed jewellery
(b) Silver jewellery, including partly processed jewellery
(c) Platinum jewellery including partly processed jewellery
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Duty free import authorization (DFIA)
A duty free import authorization is issued to allow to free importof inputs are used in the manufacturer of the export product.
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THANK YOU