Advance Licence

[sonu parsad]

Dear All,

Kindly let me know the advance licence utilization.

Thanks 

Sonu Parsad

AI Summary

Understanding Advance Licenses for Duty-Free Imports Under Foreign Trade Policy 2009-2014: Key Requirements and Company Types Explained A discussion on the utilization of advance licenses for importation without customs duties, under the Foreign Trade Policy 2009-2014, highlights the process of applying through the DGFT's regional authority. The conversation includes inquiries about the necessity of an industrial license and distinctions between an industry and a public limited company. The explanation covers types of industries, their roles in production, and the characteristics of public limited companies, such as legal existence, share capital, and management structure, emphasizing the separation of ownership from management.