Power to exclude products from Advance Licence permits DGFT to remove items from duty free input scheme by public notice. The amendment authorises the Director General of Foreign Trade to exclude any product or products from the purview of Advance Licence by Public Notice, while restating that Advance Licences permit duty free import of inputs physically incorporated in export products and consumables used in production, allow mandatory spares up to a specified proportion of licence value, may be issued on SION, adhoc or self declared norms, and can be granted to manufacturer or merchant exporters for exports, intermediate supplies, specified contractor/subcontractor supplies, and to multilateral organisations paid in free foreign exchange.
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.
Power to exclude products from Advance Licence permits DGFT to remove items from duty free input scheme by public notice.
The amendment authorises the Director General of Foreign Trade to exclude any product or products from the purview of Advance Licence by Public Notice, while restating that Advance Licences permit duty free import of inputs physically incorporated in export products and consumables used in production, allow mandatory spares up to a specified proportion of licence value, may be issued on SION, adhoc or self declared norms, and can be granted to manufacturer or merchant exporters for exports, intermediate supplies, specified contractor/subcontractor supplies, and to multilateral organisations paid in free foreign exchange.
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