Duty exemption schemes under Foreign Trade Policy enable duty free import of inputs required for export production. One of the duty exemption…
CA Final · Indirect Tax Laws · PYQS · January 2026
Duty exemption schemes under Foreign Trade Policy enable duty free import of inputs required for export production. One of the duty exemption schemes is Duty Free Import Authorisation Scheme (DFIA). Which of the following statement(s) makes person ineligible to avail benefit under Duty Free Import Authorisation Scheme (DFIA): (i) DFIA is issued only for products for which Standard Input and Output Norms (SION) have been notified. (ii) Minimum value addition of 15% is required to be achieved. (iii) Inputs with 'Actual user' condition required. Choose the correct option:
Suggested Answer and Working Notes:
Correct Answer: Option (C)
(ii) and (iii)
Topics: Foreign Trade Policy
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