Duty Free Import Authorization (DFIA) Posted on 06 April 2023 Category : Export incentives and benefits 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 Recently, the said scheme was withdrawn by government.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: On 13 February 2015 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: On 16 February 2015 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