ITC (HS) Number Matching Not Required Where DFIA Description & Conditions Are Satisfied: CAAR

In re K. S. Enterprises (CAAR Mumbai) The Customs Authority for Advance Rulings (CAAR), Mumbai considered an application seeking an advance ruling on whether imports of Inshell Walnuts under transferable Duty Free Import Authorisations (DFIAs) would qualify for exemption from Basic Customs Duty (BCD) under Notification No. 25/2023-Customs dated 1 April 2023. The applicant also sought a ruling on whether matching of ITC (HS) numbers between the DFIA and imported goods was mandatory for availing the exemption. The applicant proposed to purchase transferable DFIAs issued against exports of assor...