Clarification regarding surrender of Advance Licence (Exchange Control copy thereof) alongwith Annexures attached therewith to the Authorised Dealers for onward transmission to the RBI, New Delhi

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....rade Udyog Bhavan, New Delhi-11 Policy Circular No. 47 (RE-98)/98-99 Dated 23.10.1998 To 1. All the Licensing Authorities 2. All Commissioners of Customs and Central Excise 3. The Federation of Indian Export Organisations. 4. The Export Promotion Councils/Commodity Boards 5. All Chambers of Commerce and Industries /Associations on the Mailing list Subject: Clarificati....

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....er of credit or making remittance should be retained by authorised dealer and forwarded to RBI after it has been fully utilised alongwith R Returns pertaining to the period during which the last remittances under the licence were made. 3. Therefore, all the licensing authorities are advised not to insist for surrender of Exchange Control Copy of duty free licences after their utilisation and ma....