IDT MCQ — Under the Advance Authorization Scheme, which of the following items is permissible for duty-free im

**Under the Advance Authorization Scheme, which of the following items is permissible for duty-free import?** A) Capital goods required for setting up the factory B) Fuel, oil, and catalyst consumed in the production process C) Office equipment and furniture for the administrative office D) Vehicles used for transporting employees to the factory ✅ **Answer: (B) Fuel, oil, and catalyst consumed in the production process** **Advance Authorisation — inputs plus fuel/oil/catalyst.** Duty-free import is allowed for (i) input physically incorporated in the export product (with normal wastage allowance) and (ii) **fuel, oil and catalyst consumed/utilised in the process of production** of the export product. Thus **fuel, oil and catalyst consumed in production** is permissible. Capital goods, office furniture and employee-transport vehicles are not inputs consumed in the export product — capital goods are covered under EPCG, not Advance Authorisation. _Practise 1000s more free CA Final MCQs 👉 https://conferenza.in/mcqs — and discuss your approach below._