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Duty Exemption Scheme: The Duty Exemption scheme consists of Duty Free Licence and Duty Entitlement Pass Book.
Duty Free Licence includes Advance Licence, Advance Intermediate Licence and Special Impress Licence. Import of raw materials, intermediates, components, consumables, parts, accessories, mandatory spares (not exceeding 5% of the CIF value of the duty free licence) and packing material may be permitted against a Duty Free Licence.
Under the Duty Entitlement Pass Book scheme (DEPB) an exporter shall be eligible to claim credit as a specified percentage of FOB value of exports made in freely convertible currency. DEPB shall be valid for a period of 12 months and third party exports are also admissible for grant of credit.
GENERAL PROVISIONS REGARDING EXPORTS AND IMPORTS : As you know that the policy aims at promoting the exports and liberalising the imports. Let us first study the general provisi
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Post-shipment Export Credit Guarantee and Export Finance Guarantee : Past-shipment finance given to exporters by banks through purchase, negotiation or discount of export bills or
Export Trade Control : Exports may be made freely except to the extent they are regulated by the provisions of Import-Export policy, 1997-2002 or any other law for the time being
Advance Licence: An advance licence is granted to a merchant exporter or manufacturer exporter for the import of inputs required for the manufacture of goods without payment of ba
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INTRODUCTION : You have learnt in Unit 11 the process, procedures and documentation formalities in preparing goods for exports as well as movement of goods from the inland product
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