CUS NTF NO. 47/2000 DATE 25/04/2000

To operationalising the Annual Advance Licence Scheme which was announced in 1999-2000 EXIM Policy.
In exercise of the powers conferred by sub-section (1) of Section 25 of the Customs Act. 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest, so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 48/99-Customs, dated the 29th April 1999. namely :-

In the said notification. for the words brackets, figures and letter "Annual Advance Licence (hereinafter referred to as the said licence), with Actual User Condition in terms of para 7.4A of the Export and Import Policy", the words, brackets and figures "Advance Licence for Annual Requirement (hereinafter referred to as the said licence), with Actual User Condition in terms of paragraph 7.2 of the Export and Import Policy", shall be substituted.

Sd/-
(SANDEEP AHUJA)
Under Secretary to the Govt. of India

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