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of <h1>Customs Act Amendment: 'Annual Advance Licence' Now 'Advance Licence for Annual Requirement' per Export-Import Policy Para 7.2</h1> This notification amends Notification No. 48/99-Customs, dated April 29, 1999. The amendment is issued by the Central Government under the Customs Act, 1962, to serve the public interest. It replaces the term 'Annual Advance Licence' with 'Advance Licence for Annual Requirement' in the notification, aligning with paragraph 7.2 of the Export and Import Policy instead of para 7.4A. This change is documented under Notification No. 47/2000-Customs, dated April 25, 2000, and is intended to update the conditions related to the actual user condition of the licence.
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