4.23

Revalidation of Authorisation

(a) RA 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 made in ANF 4E.

(b) In case of revalidation of advance authorization issued prior to 27.8.2009, it should be ensured that VA is maintained at 15% (and as per details mentioned in para 4.1.6 of FTP) or as stipulated in the Advance Authorization, whichever is higher. However, for Advance Authorisations for products with VA as per Appendix 11B, the VA shall be as per the VA stated in Appendix 11B or as stated in Advance Authorisation, whichever is higher.