Duty Exemption and Remission Schemes are based on the principle and commitment of the government that goods and services are to be exported and not the taxes and levies. Its purpose is to allow duty free import/ procurement of inputs or to allow replenishment either for the inputs used or the duty component on inputs used.
Brief out these schemes are as follows-
Duty Free Authorization scheme (DFIA) began in 2006, Which will be issued after the goods exported for those products which are under Standard Input Output Norms(SION). Provisions of DFIA scheme are more or less similar to Advance Authorisation Scheme. DFIA will allow all the manufacturers to export the duty- free inputs, be it oil, catalyst, etc., Inputs allowed in accordance with Standard Input Output Norms (SION).
Minimum Value Addition
Minimum value addition required to fall under DFIA scheme should be 20 percent.
Value Addition (except for Gems and Jewellery sector) shall be:
A = FOB value of export realized or the FOR value of supply received.
B = CIF value of inputs covered by the authorisation, plus the value of any other input used on which benefit of DBK is claimed or intended to be claimed.
We analyse the feasibility of the DFIA scheme for all the exporters. We have a team of DGFT experts who have adequate knowledge and experience in providing such service.
To Know More
There are certain certificates that you must obtain from the concerned departments regarding the following items:
Legal, Standard and Specific Documents Required
Certificates From The Concerned Departments
In relation to the following items you will need to obtain certain certificates from the concern department, which we have provided you below :
We are fully up-to-date with customs procedures and have excellent knowledge on how to handle shipments related to air customs clearance services.
Provides seamless services for sea customs clearance across international ports for export-import shipments.