Advance licence entitlement expanded to include line-of-credit and ECGC-backed deferred supplier credits; import reservation and procurement clarified. Amendments revise Advance Licence, EPCG and DFRC entitlements to include exports under Government of India/EXIM Bank Lines of Credit and ECGC-backed Deferred Payment/Suppliers Line of Credit contracts, delete a specified interest term from bank guarantee undertakings, require Industry Outreach Programmes for exporter/importer awareness, prohibit direct import of items reserved for State Trading Enterprises against advance licences while permitting procurement via ARO, and clarify amendment, fulfillment and automatic enhancement procedures for export obligations and licence usage.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance licence entitlement expanded to include line-of-credit and ECGC-backed deferred supplier credits; import reservation and procurement clarified.
Amendments revise Advance Licence, EPCG and DFRC entitlements to include exports under Government of India/EXIM Bank Lines of Credit and ECGC-backed Deferred Payment/Suppliers Line of Credit contracts, delete a specified interest term from bank guarantee undertakings, require Industry Outreach Programmes for exporter/importer awareness, prohibit direct import of items reserved for State Trading Enterprises against advance licences while permitting procurement via ARO, and clarify amendment, fulfillment and automatic enhancement procedures for export obligations and licence usage.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
