PARA 4.24 B

Advance Licence for Annual Requirements for Intermediate Supplies

The provisions contained in paragraph 4.24A shall also be applicable to “Advance Licence for Annual Requirement for intermediate supplies” so far as they are not inconsistent with the following. The facility of ‘Advance Licence for annual Requirement for intermediate supplies’ is available for the cases where the intermediate supplier intends to supply the material against invalidation letters issue to the holders of Advance license for physical exports/deemed exports. In such cases, a copy of the invalidation which makes the licence invalid for direct import of items to be supplied by the intermediate manufacturer will be given to the licence holder and copy thereof will be sent to the intermediate supplier as well as the licensing authority of the intermediate supplier. Further the invalidation letters should also contain the licence number and date of ‘Advance Licence for annual Requirement for intermediate supplies’ to enable proper accounting of the invalidation letters. These would be submitted to the Licencing authority concerned by the intermediate supplier for the purpose of closure of licence.

(Above Para 4.24B has been added vide PN. No. 41/2003, DT. 28/01/2004)