Closure of advance authorisation licences for non receipt of foreign currency payments enforces export payment compliance obligations. Closure of licences issued under Advance Authorisation is mandated where required payment from a Foreign Currency Account has not been received; implementing offices must follow the enclosed Department of Commerce and trade administration communications to effect licence closure and update records under the export authorisation regime.
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.
Closure of advance authorisation licences for non receipt of foreign currency payments enforces export payment compliance obligations.
Closure of licences issued under Advance Authorisation is mandated where required payment from a Foreign Currency Account has not been received; implementing offices must follow the enclosed Department of Commerce and trade administration communications to effect licence closure and update records under the export authorisation regime.
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