Registration procedure that is being followed for import of all types of approved and unapproved drugs under the Advance Licensing Scheme

Registration procedure that is being followed for import of all types of approved and unapproved drugs under the Advance Licensing Scheme https://www.taxtmi.com/circulars?id=2472 Advance Licence holders must source imported inputs from registered suppliers when procuring from local manufacturers; exemptions allowing imports from unregistered suppliers may be withdrawn and such licences then follow normal validity and export obligation rules. Unregistered raw material imports cannot be regularized if export obligations are unmet and cannot be diverted domestically; licence holders may either use such imports for other export products or re-export the identical material, subject to customs verification, and must pay any composition fee if export obligation periods require extension. en-us Mon, 27 Jun 2005 00:00:00 +0530 Sat, 28 Feb 2009 13:47:00 +0530 TaxTMI RSS Generator Registration procedure that is being followed for import of all types of approved and unapproved drugs under the Advance Licensing Scheme https://www.taxtmi.com/circulars?id=2472 Advance Licence holders must source imported inputs from registered suppliers when procuring from local manufacturers; exemptions allowing imports from unregistered suppliers may be withdrawn and such licences then follow normal validity and export obligation rules. Unregistered raw material imports cannot be regularized if export obligations are unmet and cannot be diverted domestically; licence holders may either use such imports for other export products or re-export the identical material, subject to customs verification, and must pay any composition fee if export obligation periods require extension. Circulars DGFT Mon, 27 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2472