4.41
Validity period for import and Revalidation of Authorisation
(a) Validity period for import of Advance Authorisation shall be 12 months from the date of issue of Authorisation.
(b) Validity of Advance Authorisation for supplies under Chapter-7 of FTP shall be co-terminus with contracted duration of project execution or 12 months from the date of issue of Authorisation, whichever is later.
(c) (i) Regional Authority may consider a request of original authorization holder and grant one revalidation for six months from expiry date. Request(s) for revalidation of Authorization shall be filed online in ANF 4D.
(ii) Regional Authority may further consider a request of original Authorization holder and grant second revalidation for six months from expiry date of the first revalidation for making imports proportionate to export obligation already fulfilled. Request(s) for revalidation of Authorization shall be filed online in ANF 4D.
(Above (c) has been amended vide PUBLIC NOTICE NO.63/2018, DT. 27/12/2018)
[OLD- (c) Regional Authority may consider a request of original Authorisation holder and grant one revalidation for six months from expiry date. Request(s) for revalidation of Authorisation shall be filed online in ANF 4D. ]
(d) In case of revalidation of advance authorization issued prior to 27.8.2009 (FTP 2004-2009), it should be ensured that VA is maintained at 15% (and as per details mentioned in paragraph 4.09 of FTP) or as stipulated in the Advance Authorization, whichever is higher. However, for Advance Authorisations for products with VA as per Appendix 4D, the VA shall be as per the VA stated in Appendix 4D or as stated in Advance Authorisation, whichever is higher.
(e) For all Advance Authorisations where the validity for import is expiring between 01.02.2020 and 31.07.2020, the validity stands automatically extended by six months from the date of expiry. No separate amendment/endorsement is required on the authorisations. The option to avail further validity extensions under this para would remain available for these authorisations as per eligibility.
(Above sub para (e) has been added vide PUBLIC NOTICE NO. 67/2019, DT. 31/03/2020)