Entitlement

4.7.1

The CIF value of one or more such licences shall be Rs. 1 crore or 100% of the FOB and/or F.O.R value of preceding year exports/supply, whichever is more. However status holders can claim one or more such licences upto 200% of the FOB value of preceding year exports.

However, in cases where ALC has already ratified the norms for the same export import product in respect of a licence obtained under paragraph 4.7, such norms shall be valid for a period of six months reckoned from the date of ratification.

The licence holder in such cases shall be entitled for further licence(s) as per the norms ratified by ALC without the need for subsequent ratification by ALC. In such cases the applicant would file the application under Adhoc Norms Fixed category.

Licences shall be issued by the Licencing Authority concerned under " Adhoc Norms Fixed" category and in such cases the application copies need not be forwarded to the ALC for fixation/ratification of norms. The total value of licence(s) obtained on such norms shall not exceed 100% of the FOB and/or FOR value of preceding year export/supply.