4.1.7A

Advance Licence can also be issued on the basis of annual requirement for physical exports, intermediate supplies or deemed exports.

Export House, Trading House, Star Trading Houses and Super Star Trading Houses shall be entitled for Advance Licence for annual requirement. However, if the status holders are holding the certificate as merchant exporter, they are also entitled to the Advance Licence for Annual Requirement provided they agree to the endorsement of the name(s) of the supporting manufacturer(s) on the relevant licence.

The entitlement under this scheme shall be upto 200% of the FOB/FOR value of export in the preceding licensing year. Such licence shall have positive value addition.

(Para 4.1.7A has been amended vide NTF. No. 28/2003, DT. 28/01/2004)

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Advance licence can also be issued on the basis of annual requirement for physical exports.

Export House, Trading House, Star Trading Houses and Super Star Trading Houses shall be entitled for the Advance Licence for annual requirement. However, if the status holders are holding the certificate as merchant exporter, they are also entitled to the Advance Licence for Annual Requirement provided they agree to the endorsement of the name(s) of the supporting manufacturer(s) on the relevant licence.

The entitlement under this scheme shall be upto 200% of the FOB value of export in the preceding licensing year. Such licence shall have positive value addition. ]

(Please refer CUS CIR NO.25/2003 DATE 01/04/2003)

(Exempts materials imported into India against an Advance License for Annual Requirement-reg. please refer CUS NTF NO.56/2003 DATE 01/04/2003)

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