Implementation of Advance Authorisation Scheme for annual requirement under Foreign Trade Policy, 2023, 2023 - Exempts materials imported into India, against a valid Advance Authorisation for Annual Requirement with actual user condition issued by the Regional Authority from the whole of the duty of customs leviable thereon. - 23/2023 - Customs -Tariff

Extract

..... ter referred to as Customs Tariff Act) and [from the whole of the additional duty leviable thereon under sub-sections (1), (3) and (5) of section 3, integrated tax leviable thereon under sub-section (7) of section 3, the goods and services tax compensation cess leviable thereon under sub-section (9) of section 3, safeguard duty leviable thereon under section 8B, countervailing duty leviable thereon under section 9 and anti-dumping duty leviable thereon under section 9A of the said Customs Tariff Act, subject to the following conditions, namely:- (i) that the said authorisation is produced before the proper officer of customs at the time of clearance for debit of the quantity and value of imports; (ii) that the said authorisation is issued w .....

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..... ty and specifications as the materials used (or to be used) in the export of the resultant product: Provided also that the exporter shall give declaration with regard to the technical characteristics, quality and specifications of materials used in the export of resultant product, in the shipping bill/ bill of export; (iii) that in respect of imports made before the discharge of export obligation, the importer at the time of clearance of the imported materials executes a bond with such surety or security and in such form and for such sum as may be specified by the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, binding himself to pay on demand an amount equal to the duty leviable, but for the exempti .....

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..... Rules, 2017 or of Cenvat credit under Cenvat Credit Rules, 2017 has not been availed and the importer furnishes proof to this effect to the satisfaction of the Deputy Commissioner of Customs or the Assistant Commissioner of Customs as the case may be, then the imported materials may be cleared without furnishing a bond specified in condition (iv); (vi) that in respect of imports made after the discharge of export obligation in full, if facility of input tax credit under relevant Goods and Services Tax law on inputs used for manufacture and supply of goods exported has been availed, then the importer shall, at the time of clearance of the imported materials, furnish a bond to the Deputy Commissioner of Customs or Assistant Commissioner of Cu .....

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..... le 2 annexed to Notification No. 26/2023-Customs dated 1st April, 2023 or a Special Economic Zone notified under section 4 of the Special Economic Zones Act, 2005 (28 of 2005): Provided that the Commissioner of Customs may, by special order or a public notice and subject to such conditions as may be specified by him, permit import and export through any other seaport, airport, inland container depot or through a land customs station within his jurisdiction; (ix) that sourcing of the imported materials from Private Bonded Warehouses set up under paragraph 2.36 of the Foreign Trade Policy would be allowed; (x) that the export obligation as specified in the said authorisation (both in value and quantity terms) is discharged within the period s .....

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..... s or Assistant Commissioner of Customs, as the case may be, may allow; (xii) that the exempt materials shall not be disposed of or utilized in any manner except for discharge of export obligation or for replenishment of such materials and the materials so replenished shall not be sold or transferred to any other person: Provided that the said materials may be transferred to a job worker for processing subject to complying with the conditions prescribed in the relevant goods and services tax provisions permitting transfer of materials for job work: (xiii) that in relation to the said authorisation issued to a manufacturer exporter or merchant exporter, any bond required to be executed by the importer in terms of this notification shall be ex .....

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..... ot; means the Foreign Trade Policy, 2023, published by the Government of India in the Ministry of Commerce and Industry, vide notification No. 01/2023, dated the 31st March, 2023; (III) "Handbook of Procedures" means the Handbook of Procedures, 2023 published by the Government of India in the Ministry of Commerce and Industry vide public notice No. 01/2023, dated the 1st April, 2023; (IV) "Manufacture" has the same meaning as assigned to it in paragraph 11.31 of the Foreign Trade Policy; (V) "Materials" means (a) raw materials, components, intermediates, consumables, catalysts and parts which are required for manufacture of resultant product; (b) mandatory spares within a value limit of ten per cent of the valu .....

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26/2023 - Dated: 1-4-2023 - Regarding implementation of EPCG Scheme under Foreign Trade Policy, 2023
01/2023 - Dated: 31-3-2023 - Foreign Trade Policy, 2023 notified
48/2017 - Dated: 18-10-2017 - Notified supplies, when the supply of goods shall be treated as deemed export under GST e.g. supplies against Advance Authorisation, to EOU, under EPCG scheme etc
84/1997 - Dated: 11-11-1997 - Exemption to Imports by U.N. or International Organisation for execution of projects in India