advance licence enhancement

[Asked by Guest]

Dear all,

 

I have taken advance licence to import of RM for manufacturing the goods to export. of CIF USD 100 @ INR 55 , CIF INR = 5500 value

But due to indian rupee depreciation, custom rate is INR 56, so CIF USD 100 @ 56 CIF INR: 5600 value . there is not differ in quanity and cif value USD but CIF value INR is less in advance licence

 

There is requirement of enhance ment of advance licence.

Please advise....

regards,

Sonu Parsad

[YAGAY and SUN]

Please file the amendment sheet alongwith an application for enhancement of the value of the Advance Authorisation to the CLA or DGFT as the case may be.

AI Summary

Advance authorisation value enhancement needed after currency depreciation; file amendment and enhancement application to licensing authority.
An exporter holding an Advance Authorisation discovered that currency depreciation raised the CIF value in INR, creating a mismatch with the licence value; the advised remedy is to file an amendment sheet and an application for licence enhancement with the competent licensing authority (CLA or DGFT) to increase the authorised value.