BIS- Importability of items under Advance Authorisation without compliance to the mandatory Quality Control Orders (QCOs)
Conditions :
1) Pre-Import condition
2) Exemption from mandatory QCOs shall be specifically endorsed in the Advance authorisation.
3) Unutilised imports or the products manufactured shall not be transferred to DTA,even after regularisation.
4) The unutilised material shall be destroyed in the presence of jurisdictional GST/Customs authorities or same may be re-exported
5) Importer shall be liable to payment of duty along with interest plus composition fee of 10% of CIF value.
6) The exemption from QCO will be available for physical exports only.
7) The facility of clubbing under para 4.36 of Handbook of Procedures (HBP),2023 shall not be available.
8) EO period is restricted to 180 days from the date of clearance of import consignment in respect of QCO exemption for Textile products.
9) DFIA scheme is not allowed
2024-04-02