DUTY FREE IMPORT AUTHORISATION SCHEME
The Finance Ministry (FM) has operationalised the Duty Free Import Authorisation Scheme (DFIAS)
announced in the recent Annual Supplement to the Foreign Policy. Imports made under this authorization scheme are now exempt from basic customs duty, additional customs duty, anti dumping duty as long as certain conditions are met. One of the objectives of the DFIAS is to enable exporters to import the required inputs before exports and also allow them to transfer the scrip once the export obligation is completed.
announced in the recent Annual Supplement to the Foreign Policy. Imports made under this authorization scheme are now exempt from basic customs duty, additional customs duty, anti dumping duty as long as certain conditions are met. One of the objectives of the DFIAS is to enable exporters to import the required inputs before exports and also allow them to transfer the scrip once the export obligation is completed.
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