Economics · International Business
Which of the following is the correct description of the 'Duty Free Import Authorization (DFIA)' Scheme?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Duty-free import of inputs required for export production, subject to certain export obligations as stipulated in the Foreign Trade Policy.✓
- 2Exemption in respect of customs duty, additional duty, education cess, and anti-dumping or safeguard duties for inputs used in exports.
- 3Import of capital goods at a concessional rate of duty, subject to an appropriate export obligation accepted by the importer.
- 4Grant of credit on a post-export basis as a specified percentage of the F.o.B. value of exports made in a freely convertible currency.
Correct answer
Duty-free import of inputs required for export production, subject to certain export obligations as stipulated in the Foreign Trade Policy.
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