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of <h1>DGFT Updates Export-Import Policy: Changes to Advance Licenses, Entitlement Norms, and Export Obligations in Handbook Procedures.</h1> The Director General of Foreign Trade has amended several paragraphs in the Handbook of Procedures (Vol. I) under the Export and Import Policy 2002-2007. Key changes include modifications to the Advance Licence procedures, entitlement norms, standardization of adhoc norms, and export obligations. Amendments specify conditions for free-of-cost materials, entitlement validity, fuel allowances, and exports in anticipation of licenses. The changes also address clubbing of licenses, export obligation extensions, and advance licenses for annual requirements and intermediate supplies. Additionally, new timeframes for filing applications related to DFRC and DEPB credits are established, aiming to streamline and clarify existing procedures.
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