Denomination of Import Licence/ Certificate/ Permissions

9.2

Import Licence/Certificate /Permissions issued under the Policy shall indicate the value both in Rupees and in freely convertible currency(s) at the exchange rate(s) prevailing on the date of issue of the Licence/ Certificate/Permission. In the case of Licence/ Certificate/Permissions where export obligation is imposed, the value of the export obligation shall be indicated both in freely convertible currency(s) and in Rupees equivalent at the exchange rate(s) prevailing on the date of issue of the Licence/Certificate/ Permission. Such exchange rate(s) shall also be indicated on the import Licence/Certificate/ Permission.