<h2 class="ql-align-center">ADVANCE AUTHORISATION SCHEME (AAS)</h2>&nbsp;<ul><li class="ql-align-justify">About:</li><li class="ql-align-justify ql-indent-1">Foreign trade policy initiative that allows duty-free import of inputs used in the manufacturing of export products</li><li class="ql-align-justify ql-indent-1">Administered by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry</li><li class="ql-align-justify">Provisions:</li><li class="ql-align-justify ql-indent-1">Permits duty-free import of raw materials, packaging materials, fuel, oil, and catalysts required for export production</li><li class="ql-align-justify ql-indent-1">Under AAS, Exports must adhere to Standard Input-Output Norms (SION) set by DGFT</li><li class="ql-align-justify ql-indent-1">Advance Authorisation is valid for 12 months from the date of issue</li><li class="ql-align-justify ql-indent-1">Minimum value addition obligation for exports is 15% and period for fulfilment of export obligation is 18 months</li><li class="ql-align-justify ql-indent-1">Open to both manufacturer exporters and merchant exporters who are linked with supporting manufacturers</li><li class="ql-align-justify">Objective: Its main aim is to reduce input costs for exporters and enhance the global competitiveness of Indian goods</li><li class="ql-align-justify">Physical Incorporation Principle: imported inputs must be physically incorporated or used in the manufacture of the final export product.</li></ul>&nbsp;&nbsp;&nbsp;<a href="https://www.sunyaias.com/subscription-details/current-affairs-batch-2026-prelims-mains" rel="noopener noreferrer" target="_blank"><img src="https://sunyaias-resources.s3.ap-south-1.amazonaws.com/content/c58e103d-9566-11f0-be53-f7ac9f777531.jpeg"></a>&nbsp;Telegram Link: <a href="https://t.me/sunyaias_CA" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 112, 192);">https://t.me/sunyaias_CA</a>&nbsp;#AdvanceAuthorisationScheme #AAS #DGFT #ForeignTradePolicy #DutyFreeImport #ExportPromotion #SION #ValueAddition #GlobalCompetitiveness #IndianExports #MinistryOfCommerce #TradeFacilitation#Schemes#UPSC2026 #UPSCPreparation #UPSCExam #UPSC_Prelims_2026 #CurrentAffairs #Current_Affairs_for_UPSC_Prelims #DailyCurrentAffairs #CA_for_Govt_Exams #The_Hindu_News #The_hindu_Current_Affairs #Sunya_IAS #Best_UPSC_Coaching #Best_Current_Affairs #CivilServices