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What is Deec scheme in exports?

Updated: 9/14/2023
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12y ago

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DEEC means Duty Exemption Entitlement Certificate.

It is a promotional measure from the government for import of input components required for the purpose of manufacturing of the export products on duty free basis. i.e. the firm can import components on duty free basis by applying for an Advance Authorization from the regional DGFT. the authorisation issued by the DGFT can be utilised for duty free import of raw materials & Components required in the manufacturing of the finished products which will be exported by the firm.

the DEEC has to be prepared & maintained by the firm and is to be attested by the regional excise authority & the customs.

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