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What is DFIAS?
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A
It is a kind of licence that allows duty-free imports for export production.
💡 Explanation:
DFIAS (Duty Free Import Authorization Scheme) allows duty-free import of inputs for export production, helping exporters compete internationally by reducing their production costs. The question has a spelling discrepancy - the acronym is written as 'DFIAS' in the question but 'DFAS' in option A.