2.12

Validity Of Import Licence / Certificate /Authorisation /Permissions / CCPs /Export licence

Validity of import / export Authorisation from date of issue shall be as follows, unless specified otherwise:

(i) Advance Authorisation / DFIA (including Advance Authorisation for annual requirement, and Replenishment Authorisation for Gem & Jewellery as per Chapter- 4 of FTP) 24 months

(ii) a For Zero duty EPCG Authorisations (other than spares) 9 months

(ii) b For 3% EPCG Authorisations (other than spares) 36 months

(iii) EPCG Authorisation for Spares, refractories, catalyst and consumables Co-terminus with EOP of EPCG Authorisation.

(iv) Others including CCP and DEPB, unless otherwise specified 24 months

(v) Advance Authorisation / DFIA for deemed export (including Advance Authorisation for annual requirement) 24 months or Coterminus with contracted duration of project execution, whichever is later.

(vi) Export Licence / Authorisation 12 months (However, EFC may decide to issue Export Authorisation for a longer duration in case of R&D studies based on recommendation of technical authority)