4.11

An Advance Licence shall specify:

(a) the names and description of items to be imported and exported/supplied;

(b) the quantity of each item to be imported or wherever the quantity cannot be indicated, the value of the item shall be indicated. However, if in Standard input output norms, the quantity and value of individual inputs is a limiting factor, the same shall be applicable.

(c) the aggregate CIF value of imports; and

(d) the FOB/FOR value and quantity of exports/ supplies.

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