Advance licence tie up rules permit intermediate supply or direct export, and clarify licence validity and port registration conditions. Amendments correct cross references and revise advance licence provisions to allow advance licences for intermediate supply based on tie up agreements with holders of Advance Licences and permit licensees either to supply the intermediate product to that Advance Licence holder or to export directly. Licence validity is specified (12 months for imports, 18 months for exports), one port of registration applies for imports, exports may use ports in paragraph 7.19, and multiple licence issuance is restricted so no two licences for the same major export product group are issued for one port at the same time; entitlement revival, third year issuance conditional on SION settlement, proof of fulfillment after 18 months, and regularization for bonafide default are required. Appendix amendments add Major Export Product Group codes and correct administrative entries and numbering.
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Advance licence tie up rules permit intermediate supply or direct export, and clarify licence validity and port registration conditions.
Amendments correct cross references and revise advance licence provisions to allow advance licences for intermediate supply based on tie up agreements with holders of Advance Licences and permit licensees either to supply the intermediate product to that Advance Licence holder or to export directly. Licence validity is specified (12 months for imports, 18 months for exports), one port of registration applies for imports, exports may use ports in paragraph 7.19, and multiple licence issuance is restricted so no two licences for the same major export product group are issued for one port at the same time; entitlement revival, third year issuance conditional on SION settlement, proof of fulfillment after 18 months, and regularization for bonafide default are required. Appendix amendments add Major Export Product Group codes and correct administrative entries and numbering.
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