Annual Advance Licence: amendment permits discharge of export obligation via supply from Annual Intermediate Licence holders to ultimate exporters. The notification amendment permits an Annual Intermediate Licence holder to discharge export obligation by supplying resultant products to an ultimate exporter holding an Annual Advance Licence under paragraph 7.3(b) of the Export and Import Policy 1997-2002, and expressly defines Annual Advance Licence to include licences issued for intermediate supply under that policy provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Annual Advance Licence: amendment permits discharge of export obligation via supply from Annual Intermediate Licence holders to ultimate exporters.
The notification amendment permits an Annual Intermediate Licence holder to discharge export obligation by supplying resultant products to an ultimate exporter holding an Annual Advance Licence under paragraph 7.3(b) of the Export and Import Policy 1997-2002, and expressly defines Annual Advance Licence to include licences issued for intermediate supply under that policy provision.
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