TaxTMI 
TaxTMI 
The importer has obtained 100 tons advance license for import and has already imported 40 tons. Now 25 tons need to be purchased from a domestic supplier against this advance license after invalidation, can the importer invalidate the partial quantity of only 25 tons and be left with 35 tons for direct import ?
Paritial Invalidation of Advance License
03 Dec 2013 
1 Reply 
1679 Views Asked by
Partial invalidation of advance import license questioned; impact on remaining import entitlement and customs compliance to be determined.
Whether an importer may effect partial invalidation of an advance import license is posed where a license has been partly utilised and the importer proposes to invalidate a portion of the remaining entitlement while retaining the balance; the core issues are permissibility of segregated invalidation, status of residual entitlement, and required customs and licensing formalities to record the change. (AI Summary)
Whether an importer may effect partial invalidation of an advance import license is posed where a license has been partly utilised and the importer proposes to invalidate a portion of the remaining entitlement while retaining the balance; the core issues are permissibility of segregated invalidation, status of residual entitlement, and required customs and licensing formalities to record the change. (AI Summary)
