Advance Licence for Annual Requirement

4.1.10

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

One to Five Star Export House shall be entitled for the Advance licence for annual requirement. All other categories of exporters having past export performance (in the preceding two years) shall also be entitled for the Advance Licence for annual requirement.

In addition, a merchant exporter shall also be issued 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 in terms of CIF value of imports under this scheme shall be upto 300% of the FOB value of physical export and / or FOR value of deemed export in the preceding licensing year or Rs 1 crore, whichever is higher. Such licence shall have value addition as specified in para 4.1.6 of the Foreign Trade Policy.