4.16 The licence may be revalidated on merits by the licensing authority concerned, which has issued the licence, for a period of six months at a time but not beyond a period of 12 months reckoned from the date of expiry of the validity period. However, revalidation of freely transferable licences and stock and sale licence shall not be permitted.

An application for revalidation may be made to the licensing authority concerned in the form given in Appendix-12. However, in such cases where revalidation of the licences is to be considered by DGFT, the original application alongwith TR/Demand Draft shall be submitted to the regional licensing authorities concerned and copy of the same shall be submitted to DGFT.