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Corporate Laws Central Ministry of Commerce and Industry Foreign Trade (Development and Regulation) Act, 1992

Implementation of the Trade Notice No. 07/2023-24 dated 08.06.2023 in reference to the pre-import condition under Advance Authorization Scheme

25-Sep-2023 | Trade Notice No. 27/2023

Directorate General of Foreign Trade has issued a Trade Notice regarding the implementation of Trade Notice No. 07/2023-24 dated 08.06.2023, specifically addressing the pre-import condition under the Advance Authorization Scheme. By virtue of the Trade Notice, the following clarifications have been provided: Issue 1: In case Advance Authorizations under which exports have been made in the period from 13.10.2017 to 09.01.2019 and the import is made on or after 10.01.2019, whether the pre-import condition will be considered to have been violated. Clarification: Pre-import condition will not be considered to have been violated. Issue 2: If Advance Authorizations were issued before 09.01.2019 and imports were made on or after 10.01.2019, whether the pre-import condition will be applicable. Clarification: Pre-import condition will not be applicable. Issue 3: If against an Advance Authorization, imports were partly made up to and including 09.01.2019 and remaining imports were made on or after 10.01.2019, whether imports made on or after 10.01.2019 will be subject to the pre-import condition. Clarification: Imports made on or after 10.01.2019 will not be subject to pre-import condition. Issue 4: In case of imports made under Advance Authorisation on payment of IGST and Compensation Cess, whether pre-import condition will be applicable. Clarification: Imports will not be subject to pre-import condition irrespective of the date of import.

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