Entitlement 4.7.1

The CIF value of one or more such licences shall be 200% of the FOB and/or FOR value of preceding year exports and/or supplies in case of status holders and Rs. 1 crore or 100% of the FOB and/or FOR value of preceding year exports and/or supply, whichever is more, for others.

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.