Advance Licenses under Para 7.5 of H.B.

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....nses, where SION are not fixed, based on self-declaration and undertaking by the applicants for final adjustment of items with quantities as per norms fixed by ALC . Difficulties have been experienced in closure of DEEC Book where Ad hoc norms have been fixed by the ALC on content basis or subject to accountability of imported materials in the export product. In this regard it is clarified that....

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....ed that the rationale behind modifying the export product description subsequently by the ALC is to ensure accountability of imported inputs in the export product. To avoid problems at a later stage, advance license applicants applying under para 7.5 of handbook of procedures are advised to give net contents of input incorporated in the export products both in the application as well as in the ....

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....not arise at the time of regularization or closure of licenses. 2) Invalidation of Advance Licenses under para 7.11 of H.B:- Attention of the trade is invited to para 7.11 of Hand Book of procedure (1997-2002). It has been noticed that the license holders are filing applications for invalidation of Advance licenses as covered under the above para after Bond waiver is obtained and/or the exports....