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of <h1>Import Licences Must Show Values in Rupees and Convertible Currencies: Follow Handbook Paragraph 15.6 Guidelines.</h1> The circular addresses the denomination of Special Import Licences, emphasizing compliance with Paragraph 15.6 of the Handbook of Procedures, Vol. 1, 1997-02. It mandates that import licence values be indicated in both Indian Rupees and freely convertible currencies at the prevailing exchange rate on the issuance date. If applicants specify a currency, the licence should reflect this; otherwise, it defaults to US Dollars and Indian Rupees. Licences previously issued in Rupees alone must be updated to include a convertible currency if imports have not occurred or are partial. Regional Licensing Authorities are instructed to issue Trade Notices for compliance.
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