4.19
- Document type
- Policy
- Dated
Free of Cost Supply by Foreign Buyer
4.19
Free of Cost Supply by Foreign Buyer
Advance Authorisation shall also be available where some or all inputs are supplied free of cost to exporter by foreign buyer. In such cases, notional value of free of cost input shall be added in the CIF value of import and FOB value of export for the purpose of computation of value addition. However, realization of export proceeds will be equivalent to an amount excluding notional value of such input.