Special Value Based Advance Licence commencement tied to date of issue rather than date of first consignment clearance. Amendment substitutes the timing trigger in the Schedule to the principal notification so that, under both the import and export provisions, the prior phrase 'from the date of clearance of the first consignment of import' is replaced by 'from the date of issue of the said licence,' making the licence issue date the operative commencement for benefits under the Special Value Based Advance Licence regime.
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Provisions expressly mentioned in the judgment/order text.
Special Value Based Advance Licence commencement tied to date of issue rather than date of first consignment clearance.
Amendment substitutes the timing trigger in the Schedule to the principal notification so that, under both the import and export provisions, the prior phrase "from the date of clearance of the first consignment of import" is replaced by "from the date of issue of the said licence," making the licence issue date the operative commencement for benefits under the Special Value Based Advance Licence regime.
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