https://www.taxtmi.com/circulars?id=2343 Value Based Advance Licence import entitlement is tied to declared value addition; failure to achieve declared value addition must be regularised under Policy Circular No.28(RE-2000)/2000-2001 where shortfall in value or quantity or both does not exceed fifteen percent of the total export obligation, and licences with shortfalls exceeding fifteen percent must be converted into Quantity Based Advance Licences. en-us Fri, 01 Feb 2002 00:00:00 +0530 Mon, 02 Mar 2009 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2343 Value Based Advance Licence import entitlement is tied to declared value addition; failure to achieve declared value addition must be regularised under Policy Circular No.28(RE-2000)/2000-2001 where shortfall in value or quantity or both does not exceed fifteen percent of the total export obligation, and licences with shortfalls exceeding fifteen percent must be converted into Quantity Based Advance Licences. Circulars DGFT Fri, 01 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2343