Attention is invited to paragraph
7.25 of Handbook (Vol.1) which contain the procedural requirements
for fulfillment of export obligation
by an Advance Licence holder. Certain
instances have come to the notice of this office where RLAs have refused to
count exports made by the Advance Licence holder in discharge of
export obligation against the licence on the ground that the exportable
product does not exactly match with the description of export product indicated
on the licence due to change in size of packaging etc. In such cases where the
contents are otherwise as per the description made on the Advance Licence but
differing only in external description such as packing size etc., the same may
be allowed to be counted for the fulfillment of export obligation against the
same licence. It will, however, be
subject to the condition that the
inputs are properly accounted for by the licence holder as per the SION
or ad -hoc norms.
It will apply even in those cases where the Advance Licence has already
been regularised, however, without counting the above exports applied for,
provided the Licence is still valid or the Licence has been revalidated by the
Competent Authority.
This issues with the approval of the Director General of Foreign Trade .
(A
.K. Srivastava)
Dy.Director
General of Foreign Trade