Legatus

Flat-rolled products of stainless steel cannot be imported under Advance Authorizations: DGFT

New Delhi, Mar 11 (KNN) Flat-rolled products of stainless steel cannot be imported under Advance Authorizations, said `the General of Foreign Trade (DGFT).

Advance authorization is an order issued to endorse the import of duty-free inputs which are physically integrated into the export product.

 Its provisions extend to fuel, oil, energy, and catalysts which are consumed or utilized to obtain export products. This article looks at the regulations connected with Advance Authorization Scheme.

In a notification DGFT said, “Import of Flat-rolled products of stainless steel covered under ITC(HS) Codes: 7219 or 7220 under Advance Authorization stands deleted from Appendix 4J.” (KNN/JM)