Licences - Issue of licences under Duty Exemption Scheme based on the norms fixed in individual cases

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....epartment of Revenue) Central Board of Excise & Customs, New Delhi Subject : Licences - Issue of licences under Duty Exemption Scheme based on the norms fixed in individual cases Attention is invited to para 110 of the Hand-Book of Procedures, 1992-97 relating to value based advance licences, inter alia stipulating that in respect of items for which input-output norms and value addition n....

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....peat basis despite the fact that no such provision exists in the current Export-Import Policy for issue of repeat licences. Regarding value based licence it has already been clarified in Public Notice No. 77-PN/92-97, dated 9-11-1992 that such licences will be issued by the licensing authorities within their delegated powers only for products for which standard input-output and value addition norm....