Value based advance license

[deepak kalambate]

Dear Sir,

Pl let know whether we can apply for value based advance license for procurement of imported inputs as it is very difficult to quantify inputs utilized in final product

Thanks & Regards

Deepak

[YAGAY andSUN]

The Value Based and Quantity Based advance licenses do not exist in current scenario of the FTP.  You would have applied for Advance License and get the Norm fixed from the Norms Committee of the DGFT.

AI Summary

Value-Based and Quantity-Based Advance Licenses Unavailable Under Current Foreign Trade Policy; Apply for Advance License via DGFT Norms Committee. A participant inquired about the possibility of applying for a value-based advance license for procuring imported inputs, citing difficulties in quantifying inputs used in the final product. The response clarified that value-based and quantity-based advance licenses are not available under the current Foreign Trade Policy. Instead, it was suggested to apply for an Advance License and have the norms established by the Norms Committee of the Directorate General of Foreign Trade (DGFT).