4.7.1

However, in cases where ALC has already ratified the norms for the same export import product in respect of a licence obtained under paragraph 4.7, such norms shall be valid for a period of six months reckoned from the date of ratification. The licence holder in such cases shall be entitled for further licence(s) as per the norms ratified by ALC without the need for subsequent ratification by ALC. In such cases the applicant would file the application under Adhoc Norms Fixed category. Licences shall be issued by the Licencing Authority concerned under “ Adhoc Norms Fixed” category and in such cases the application copies need not be forwarded to the ALC for fixation/ratification of norms. The total value of licence(s) obtained on such norms shall not exceed 100% of the FOB and/or FOR value of preceding year export/supply.

(Above para has been amended vide PN. No. 41/2003, DT. 28/01/2004)

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The CIF value of one or more such licences shall be Rs.50 lakhs or 100% of the FOB and/or F.O.R value of preceding year exports/supply, whichever is more. However Export House/Trading House/Star Trading House/Super Star Trading House can claim one or more such licences upto 200% of the FOB value of preceding year exports.

The new comers shall also be entitled for licenses in this category upto their entitlement or for a CIF value not exceeding Rs.50 lakhs, whichever is more, subject to furnishing of 100% Bank Guarantee to Customs authority to cover the exemption from Customs duties together with 15% interest. A specific endorsement to this effect shall be made on the licence.

However, in cases where ALC has already ratified the norms for the same export import product in respect of a licence obtained under paragraph 4.7, such norms shall be valid for a period of six months reckoned from the date of ratification. The licence holder in such cases shall be entitled for further licence(s) as per the norms ratified by ALC without the need for subsequent ratification by ALC. However, licensing authority after issuance of the licence shall forward such cases to ALC for consideration of fixation of Standard Input Output Norms. The total value of licence(s) obtained on such norms shall not exceed 100% of the FOB and/or FOR value of preceding year export/supply.

(Last paragraph has been added vide PN. NO. 08/2003, DT. 14/05/2003) ]

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