 "Imports")
As expected, the Supreme Court has upheld the validity of the pre-import condition under advance authorisations. Many exporters have now raised questions on the way forward. I deal with some of them here.
The Supreme Court held that as Para 4.03 of the Foreign Trade Policy (FTP) says that advance authorisation is issued to allow duty free import of input, which is physically incorporated in export products, it is essentially a pre-import scheme. Furthermore, Para 4.13 of the FTP gives the government the power to impose pre-import conditions. So, in my opinion, a challenge to the judgment by way of
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