TaxTMI 
TaxTMI 
Dear All,
Kindly let me know the advance licence utilization.
Thanks
Sonu Parsad
Advance Licence
05 Sep 2012 
6 Replies 
1575 Views Asked by
Guest 
Advance Authorization permits duty free import of inputs for export, subject to export obligation and redemption procedures.
The Advance Authorization scheme permits duty free importation of inputs, raw materials or components for manufacture of export goods, subject to fulfilment of an export obligation within the prescribed period and redemption of the authorization; applications are submitted to the regional office and the scheme applies to exports to foreign parties or export zones, with compliance governed by the Foreign Trade Policy and Handbook of Procedures. (AI Summary)
The Advance Authorization scheme permits duty free importation of inputs, raw materials or components for manufacture of export goods, subject to fulfilment of an export obligation within the prescribed period and redemption of the authorization; applications are submitted to the regional office and the scheme applies to exports to foreign parties or export zones, with compliance governed by the Foreign Trade Policy and Handbook of Procedures. (AI Summary)