https://www.taxtmi.com/circulars?id=7420 Revalidation of Special Imprest Licence is allowable under paragraph 7.23 of the Handbook of Procedures (Vol.1) (RE-98) 1997-2002, with licences issued prior to 12.11.97 subject to a maximum aggregate validity of thirty months and licences issued on or after 12.11.97 revalidable by licensing authorities but in no case exceeding thirty months from issuance. For quantity-based Advance licences the export obligation in value terms shall be fixed by reference to the aggregate CIF value of actual imports and reduced prorata where actual imports are lower than the licence CIF value, regardless of input-specific import proportions. en-us Wed, 01 Jul 1998 00:00:00 +0530 Fri, 11 Sep 2009 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7420 Revalidation of Special Imprest Licence is allowable under paragraph 7.23 of the Handbook of Procedures (Vol.1) (RE-98) 1997-2002, with licences issued prior to 12.11.97 subject to a maximum aggregate validity of thirty months and licences issued on or after 12.11.97 revalidable by licensing authorities but in no case exceeding thirty months from issuance. For quantity-based Advance licences the export obligation in value terms shall be fixed by reference to the aggregate CIF value of actual imports and reduced prorata where actual imports are lower than the licence CIF value, regardless of input-specific import proportions. Circulars DGFT Wed, 01 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7420