4.1.10

Advance Authorisation for Annual Requirement

(a) Advance Authorisation can also be issued for annual requirement. Imports are exempted from payment of basic customs duty, additional customs duty, education cess, anti-dumping duty and safeguard duty, if any.

(b) Exporters having past export performance (in atleast preceding two years) shall be entitled for Advance Authorisation for annual requirement.

(c) Entitlement in terms of CIF value of imports shall be upto 300% of the FOB value of physical export and / or FOR value of deemed export in preceding licensing year or Rs 1 crore, whichever is higher.