Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Environment and International Business
Which of the following is the right description of the “Duty Free Import Authorization (DFIA)" Scheme?
1
Duty free imports of inputs required for export production subject to certain export obligations, as stipulated in the foreign trade policy.
2
Exemption in respect of custom duty, additional duty, education cess and anti-dumping or safeguard duties for inputs used in exports.
3
Import of capital goods at concessional rate of duty subject to an appropriate export obligation accepted by the importer.
4
Grant of credit on post-export basis as specified percentage of F.o.B value of exports made in a freely convertible currency.