Low usage of Self-Rectification Scheme of the Foreign Trade Policy

May 10, 2019 | by Avantis RegTech Legal Research Team


The Directorate General of Foreign Trade (DGFT) on May 09, 2019, has requested the Authorized Economic Operators (AEOs) to make full use of Self - Rectification Scheme under Para 4.07 of the Foreign Trade Policy.

DGFT has notified the Self - Rectification Scheme for AEOs in the ease of doing business. The Scheme allows Advance Authorizations to be taken on self declaration and self rectification basis for cases where Standard Input Output Norms (SION) is not notified, without a need of going through the process of norms fixation or ratification by the concerned Norms Committee (NCs).

However, it has been observed that in-spite of more than 3500 AEO already registered with CBIC, there are comparatively very few AEOs, who are using this scheme to get their advance authorizations.

Therefore, all AEOs who are users of duty exemption scheme are requested to make full use of Self Ratification Scheme.

[Trade Notice No. 10/2019-20]


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