Paritial Invalidation of Advance License

[Prashanth Bhat]

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 ?

AI Summary

Importer Seeks Partial Invalidation of Advance License to Buy 25 Tons Domestically, Retaining 35 Tons for Import. An importer obtained a 100-ton advance license for import and has already imported 40 tons. The importer now wishes to purchase 25 tons from a domestic supplier using the advance license after partial invalidation. The query is whether it is possible to invalidate only 25 tons of the license, leaving 35 tons available for direct import.