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of <h1>Advance Licenses for Deemed Exports Must Show Positive Value Addition Per Exim Policy Para 7.3(a.</h1> The circular from the Directorate General of Foreign Trade clarifies the requirement for positive value addition in Advance Licences for Deemed Exports under the Exim Policy. It addresses confusion related to para 7.3(a) of the policy, which mandates positive value addition except for exports not in freely convertible currency, where Appendix 39 of the Handbook of Procedures applies. The Policy Review Committee determined that Appendix 39 pertains to exports to Rupee Payment Areas and is not relevant to deemed exports. Consequently, it confirms that positive value addition is mandatory for Advance Licences for Deemed Exports, consistent with other licence categories.
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