Question

Explain the major provisions of india's import policy and duty exemption/remission scheme.

Answer 1

Duty exemption schemes enable duty free import of inputs required for export production. An Advance Licence is issued as a duty exemption scheme. A Duty Remission Scheme enables post export replenishment/ remission of duty on inputs used in the export product.

Answer 2

Answer:

Duty Exemption and Remission Schemes

Duty Exemption and Remission SchemesDuty exemption schemes enable duty free import of inputs required for export production. An Advance Licence is issued as a duty exemption scheme. A Duty Remission Scheme enables post export replenishment/ remission of duty on inputs used in the export product.

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