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What Is Import??

The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country.

The buyer of such goods and services is referred to an "importer"

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4.Application For Grant of import license for certain categories

An application for grant of an Authorisation for import of items mentioned as ‘Restricted’ in ITC (HS) may be made to RA, with a copy to DGFT Hqrs in ANF 2M along with documents prescribed therein.

Original application along with Treasury Receipt (TR) / Demand Draft shall be submitted to RA concerned and self-attested copy of same shall be submitted to DGFT in duplicate along with proof of submission of application to concerned RA.

• ANF-2M Form 5

5.Territorial Jurisdiction of import licensing Authorities

Territorial jurisdiction is the court's power to bind the parties to the action. This law determines the scope of federal and state court power

Every application, unless otherwise specified, shall be submitted to the licensing authority concerned, as per the territorial jurisdiction of the licensing authorities indicated in Appendix-27.

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6.Licensing Period, Conditions And Validity Of Import License

Import licensing period for import a goods its differ for every goods under differ Authorities rustication.

There are also differ time period for the deemed and exempted products of import.

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Sr. No Type of Authorisation Validity Period1 Import Export Authorisation for

restricted (Non SCOMET) goods12 months (However, EFC may decide to issue Export Authorisation for a longer duration in case of R&D studies based on recommendation of technical authority)

2 Import Export Authorisation for SCOMET items

24 months

3 Import Authorisations for restricted items and CCP

18 months

4 IEPCG Authorisation 18 months 5 Advance Authorisations (AA)

for Deemed import Coterminous with contracted duration of project execution or 12 months, whichever is more.

6 AA {except (v) above}, DFIA, Replenishment Authorisation for Gems & Jewellery as per Chapter 4 of FTP.

12 months from issue date.

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Conditions of Licensing Period

Where an Authorisation expires during the month, such Authorization shall be deemed to be valid until last day of concerned month.

This provision would be applicable even for a revalidated Authorization.

Validity of an import Authorization is decided with reference to date of shipment / dispatch of goods from supplying country as given in Paragraph 9.11 A of HBP v1 and not the date of arrival of goods at an Indian port. 9

Provisions shall not be applicable to DEPB, Service Providers under SFIS, VKGUY and duty credit scrip's issued under FMS and FPS, which are duty credit entitlements and must be valid on date on which actual debit of duty is made.

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HANDBOOK OF PROCEDURES[1st April, 2015 - 31st March, 2020]

FOREIGN TRADE POLICY[1st April, 2015 –31st March, 2020]

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