Trade Sector Updates – Falling Exports, TIES, MEIS, Foreign Trade Policy, etc.

[pib] Duty-Free Import Authorisation (DFIA) scheme

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Duty-Free Import Authorisation (DFIA)

Mains level : Not Much

The Union Minister of Commerce and Industry has informed about the scheme.

Duty-Free Import Authorisation (DFIA)

  • DFIA is issued to allow duty free import of inputs, fuel, oil, energy sources, a catalyst which are required for production of export product.
  • The Directorate General of Foreign Trade, an agency under the Ministry of Commerce and Industry, by means of Public Notice, may exclude any product(s) from purview of DFIA.
  • Under the scheme, authorization is issued to allow duty free import of inputs.
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments