QBAL- Licences issued under para 62/62A of EXIM Policy will be same as under para 50 of the Policy

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....licy will be same as under para 50 of the Policy The Commissioner of Customs, Bombay had made a reference to the Ministry regarding the difficulty faced by the Bombay Customs House in extending benefit of the exemption Notification No. 204/ 92-Customs dated 19.5.92 on inputs imported against a Quantity based licence issued under para 62A of the Exim Policy. It was stated that the term "Advance ....

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....ation was given in respect of licences already issued by them. It has also been clarified by the DGFT that in future case QBAL licences under para 62 or 62A of the Exim Policy will be issued by them under para 50 of the policy. A copy1 of the letter dated 5th Sept., 1995 by the DGFT to member (Cus & EP) clarifying the matter is enclosed for your ready reference. 3. In case of any doubt, the mat....