Export import licensing amendments: permit Special Imprest and conditional Advance Licences, allow DEPB revalidation and cap capital goods imports. Licensing changes permit issuance of Special Imprest Licences to main or sub contractors under paragraph 7.5; Advance Licences may be granted to exporters without prior licences for CIF values up to their recent average FOB subject to 100% bank guarantees and without requiring confirmed irrevocable letters of credit; supplies by Indian sub contractors qualify for deemed export benefits when the sub contractor is identified in the contract and payment certificates are issued in the prescribed form. DEPBs registered at Aircargo Complex, Varanasi are revalidated for twelve months; appendices, agency listings and miscellaneous corrigenda are amended accordingly.
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Export import licensing amendments: permit Special Imprest and conditional Advance Licences, allow DEPB revalidation and cap capital goods imports.
Licensing changes permit issuance of Special Imprest Licences to main or sub contractors under paragraph 7.5; Advance Licences may be granted to exporters without prior licences for CIF values up to their recent average FOB subject to 100% bank guarantees and without requiring confirmed irrevocable letters of credit; supplies by Indian sub contractors qualify for deemed export benefits when the sub contractor is identified in the contract and payment certificates are issued in the prescribed form. DEPBs registered at Aircargo Complex, Varanasi are revalidated for twelve months; appendices, agency listings and miscellaneous corrigenda are amended accordingly.
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