4.21

In respect of an Advance Licence, the licensing authority concerned (as per their financial powers) may consider a request for enhancement/reduction in the CIF value of the licence, provided the value addition after such enhancement does not fall below the stipulated minimum value addition and provided there is no change in the input-output norms and the Policy under which the licence was issued. However, Advance Licences issued under Para 4.7 shall be enhanced upto 100% of their original value only.

(Para 4.21 has been amended vide PN. No. 17/2003, Dt. 16/07/2003)

[OLD -
In respect of an Advance Licence, the licensing authority concerned (as per their financial powers) may consider a request for enhancement/ reduction in the CIF value of the licence, provided the value addition after such enhancement does not fall below the stipulated minimum value addition and provided there is no change in the input-output norms and the Policy under which the licence was issued.]

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