Duty Free Import Authorization (DFIA)

Duty Free Import Authorization

 

 

The information provided here is part of Export Import Training online

 

Duty Free Import Authorization (DFIA):

a. Duty Exemption Pass Book (DEPB):

This is another assistance by government to help exporters in importing raw materials. Recently, the said scheme was withdrawn by government.

b. Duty Drawback.Duty drawback is another financial assistance given to exporters.

 

 The above information is a part of Import Export online Training

 

Other information about Export importt tutorial

 

What is Brand Rate in Duty Drawback
Post shipment finance in Export Business
Advance Authorization schemes (AAS)
Export Finance a key factor in Export trade.
What is EPCG? How EPCG works in Export Import trade?
Easy tips while deciding terms of delivery in export business
Amendment and Conversion of Shipping Bills in India - extract of notification 36/2010
Excise and Customs - Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
Click here to know India Trade Classification(ITC)
Pre shipment bank finance to suppliers for exports through other agencies
Types of export containers
Measurement of export containers
Export Import Policy of India 2015-2020
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports

Terms Used in Marine Insurance

 The difference between FCA and CIP terms

The formalities to sell / auction unclaimed or un-cleared goods

The legal strength of Bill of Exchange in International Trade. What is Bill of Exchange in International Trade.

The role of bill of exchange in import export business

The role of CBEC - Central Board of Excise and Customs in India.

 The role of Export Inspection Agency in Pre-shipment Inspection & Quality Control

The role of Reserve Bank of India

The Role of the International Chamber of Commerce (ICC)

The term FCL. What is FCL means

The term LCL. What does LCL mean?

 Tips to exporters on Documentation

How does a Running bond work?

 How does Bill of Lading work in DP payment terms?

How does Bill of Lading work in Sight LC

How does CENVAT Credit work?

 How does CFR term of delivery work in Export Import business

How does comprehensive policy of ECGC work for exporters?

 Top 137 Airline names and their websites worldwide

Toxic Substances control Act (TSCA) certification

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

 Triangular shipment

Types of Insurance Documents.

 How to make DA mode of payment safe

How to make delay in delivery of Shipment?

 How to minimize import cargo clearance time? An open logic proposal to WTO

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?

How to obtain Phyto sanitary certificate. What is phytosanitary certification

 



Comments


Vasil Polishcuk: I am an Expoter"Seller" from Ukraine who is new / NOVICE to the LC payment System. I have been dealing with / accepting T/T Payment for my goods, but now a days potential clients wants to Pay me Only by "100% L/C Irrevocable" so i am now trying to consider accepting this system of Payment now . Please i need your help in clarification on the word " To draw DRAFT " ( Is a DRAFT amongst the Required documents i need to present to my Ukraine BANK in order to get PAID from the L/C once i have made shipment of the Goods ??? ) what does this mean " to DRAW DRAFT " ?? I have studied some L/C sample and i have noted that some of the most common Required documents for collecting Payment on L/C are : (1) 3 Originals and 3 ADDITIONAL Copies of B/L Document. (2) Original of SGS inspection Certificate (3) 3 Originals of Seller's COMMERCIAL INVOICE. (4) Original of INSURANCE Certificate ( if CIF Shipment) Now, the Question is : Do i need to DRAW a DRAFT " payment DRAFT" and Present to My Ukraine BANK together with the ABOVE Mentioned Documents ??? (A) Would i NOT get PAID if i only submit the Above Mentioned Documents Mentioned in the L/C to my Ukraine BANK without "Payment Draft" ??? (B) Is it MY Ukraine BANK that would have to PAY me the Money ??? Or, My Ukraine BANK's Duty is only just to Transfer the completed DOCUMENTS to the Buyer's Bank overseas and then Wait for the Buyer's Bank Overseas to send the Money "Payment" to My Ukraine BANK " My Bank Account" ???

Abhilash H.G: I am working in one of the freight forwarding company as an asst.executive(operations) from last one year.So your articles are very usefull to me and i have learnt a lot of usefull things from your website.So my enqiry is that is there any courses and classes are conducted to learn more about this system.If it is conducted please inform me

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