FOB value requirement: export FOB in current licensing year must not be lower than prior licensing year for licensing. An amendment to Para 3.7.2 of the Foreign Trade Policy requires that the FOB value of exports during the licensing year 2004-05 not be lower than the FOB value of exports in the previous licensing year, expressly including exports covered under the related export category referenced in Para 3.7.5, as a condition of licensing.