‘Exempt QCO Against Advance Authorisations’ – SRTEPC Chairman
Imports against advance authorisations need to be exempted from the requirements of Quality Control Orders (QCOs) that includes manmade fibre textiles products such as fibres and yarns.
Bhadresh Dodhia, Chairman of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) pointed out that QCOs for textiles have exempted imports for re-export purpose from the compliance of its requirements.
“On similar lines, raw materials imported against advance authorisations are also used for the manufacture of finished products that are subsequently exported,” Dodhia added.
He stated that there are adequate in-built provisions and mechanisms under the Foreign Trade Policy to ensure that finished goods manufactured out of raw materials imported against advance authorisations are exported within the prescribed time frame.
“Further, materials imported against advance authorisations are subject to Actual User Condition and are not transferable even after completion of the stipulated export obligation,” he stated.
“However, QCOs are welcome as it will ensure availability of good quality raw materials in our country and will prevent import of sub-standard goods,” Dodhia concluded by saying.
