Advance License - Amendments

[SHOEB VAPIWALA]

Under the Advance Licensing – sanctioning Export obligation were assured by the license holder the textile cloths products. We would like to know that 1. Can we amend the export obligation to other products instead of the textile cloths products, if yes, please provide the procedure to do that. or 2. Can we amend to textile related items like readymade products, yarn, raw cotton etc! If yes, Please also guide with procedural aspects.Thanks with regards.

[YAGAY andSUN]

Dear Shoeb,

Please refer para 4.10 of the HBP Vol.1 read with Chapter 4 of the FTP 2009-2014 in this regard.

Regards,

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

AI Summary

Advance licence amendment procedures governed by handbook and trade policy, permitting product substitution subject to prescribed conditions. Amendment of export obligations under an Advance Licence-including substitution to other products or to other textile items-is governed by the procedural framework set out in the Handbook of Procedures and the Foreign Trade Policy, and any change requires compliance with the application, documentation and sanctioning steps specified therein.