Advance licence availability extended to free of cost inputs, using notional valuation for value addition; option exists if all inputs free. Advance Licence eligibility is extended to cases where some or all inputs are supplied free of cost; for value addition calculations the notional value of free of cost inputs along with other duty free inputs must be taken into account, and if all inputs are free the exporter may elect the alternate provision applicable to fully free input situations.
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.
Advance licence availability extended to free of cost inputs, using notional valuation for value addition; option exists if all inputs free.
Advance Licence eligibility is extended to cases where some or all inputs are supplied free of cost; for value addition calculations the notional value of free of cost inputs along with other duty free inputs must be taken into account, and if all inputs are free the exporter may elect the alternate provision applicable to fully free input situations.
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