What Are the Financial Benefits of the Advance Authorization Scheme?

The Advance Authorization Scheme is a trade facilitation measure that grants duty-free import of inputs required for the manufacture of export products. This scheme significantly reduces the burden of customs duties and provides a competitive edge to exporters. By eliminating the need for pre-deposit of customs duties, exporters can enjoy improved cash flow and optimize working capital. Moreover, the scheme promotes efficient supply chain management and reduces the overall cost of production. As a result, exporters can offer their products at more competitive prices in the global market, leading to increased exports and economic growth.

What Are the Financial Benefits of the Advance Authorization Scheme?

The Advance Authorization Scheme is a trade facilitation measure that grants duty-free import of inputs required for the manufacture of export products. This scheme significantly reduces the burden of customs duties and provides a competitive edge to exporters. By eliminating the need for pre-deposit of customs duties, exporters can enjoy improved cash flow and optimize working capital. Moreover, the scheme promotes efficient supply chain management and reduces the overall cost of production. As a result, exporters can offer their products at more competitive prices in the global market, leading to increased exports and economic growth.