DGFT implements automated system for adhoc input-output norms fixation ...Middle East

Business Standard - Economy

The commerce ministry's arm DGFT on Thursday said it has implemented an automated system for adhoc input-output norms fixation for goods, with a view to promote ease of doing business for exporters. Exporters are allowed to import duty-free raw material or inputs for manufacturing goods for exports purposes only under an advance authorisation scheme. For this scheme, the Directorate General of Foreign Trade (DGFT) has fixed standard input-output norms for almost all categories of products. Depending on these norms, a license is issued for duty-free imports. For example, if 10 Kg steel is required to make a 100 meter long pipe, license will be given under the scheme for duty-free import of 12

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Last updated : 20 June 2024 clock 09:16 PM

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DGFT implements automated system for adhoc input-output norms fixation ...Middle East

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