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DGFT Hand Book of Procedures HB Vol.1 ( upto 31/03/2003) PARA 4.8

Deleted

4.8

The financial powers of the licensing authorities and ALC are given in the table below:

Category of Application	On published norms and under paragraph- 4.7 of this Handbook
Category of Application	CIF Value upto Rs.50 Crore	CIF value above Rs.50 crore
Issuing Authority for Advance License	Regional Licensing Authority	Regional Licensing Authorities on the recommendation of ALC.

(It has been decided to continue with the earlier policy provision of permitting regional licencing authorities to issue advance licence in respect of Petroleum and Petrochemical Products to be manufactured from crude oil upto a limit of a CIF value of Rs 500 crores.

Hence paragraph 4.8 pertaining to the “Financial Powers” is deleted vide PN No. 51/2002-07, DT. 04/12/2002)

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