Revalidation of DFIAs – DGFT Clarifies
The Trade and Industry have represented that due to varying interpretation of the provisions of DFIA scheme, as per FTP and the corresponding Customs Notification for the period 1.5.2006 to 31.3.2007, DFIAs , in particular, the DFIAs endorsed with transferability, could not be utilized in time for import clearances. The Department of Revenue have now issued the Customs circular no. 11/2009 dated 25.2.2009 (please see ) clarifying the provisions and utilization of DFIAs. Accordingly, it has been represented that DFIAs issued during the aforesaid period may be revalidated for a further period of 6 months from the date of endorsement.
DGFT has decided to revalidate the DFIAs (even if endorsed with transferability) issued during 1.5.06 till 31.3.07 for a period of 6 months from the date of endorsement subject to the following conditions:
i. Request for revalidation may be submitted to the concerned Regional Authority (who have issued the DFIA) within a maximum period of 30 days from the date of the issuance of this Public Notice. DFIA shall be revalidated for a period of six months from the date of endorsement of revalidation. RAs shall endorse revalidation within a period of maximum 7 working days from the date of receipt of the request.
ii. This facility shall not be available where misrepresentation/fraud has come to the notice of any authority.
DGFT Public Notice No. 158 (RE-2008)/2004-09, Dated: March 2, 2009