Minimum value addition requirement for spices under advance licence established, mandating a specified percentage threshold for licence eligibility. An amendment to the Foreign Trade Policy inserts a mandatory minimum value addition requirement for spices under the ITC HS classification when exported under advance licences, conditioning licence eligibility on compliance with the specified value addition threshold.
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Provisions expressly mentioned in the judgment/order text.
Minimum value addition requirement for spices under advance licence established, mandating a specified percentage threshold for licence eligibility.
An amendment to the Foreign Trade Policy inserts a mandatory minimum value addition requirement for spices under the ITC HS classification when exported under advance licences, conditioning licence eligibility on compliance with the specified value addition threshold.
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