Closure of Advance Authorisation licences as per para 4.16(a) of FTP 2009-14, pending for want of payment to be received from Foreign currency account of SEZ unit

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.... Delhi Dated the 10^th February, 2016 Trade Notice No. 16/2015 To, All RAs of DGFT Members of Trade Subject:   Closure of Advance Authorisation licences as per para 4.16(a) of FTP 2009-14, pending for want of payment to be received from Foreign currency account of  SEZ unit. A number of representations have been received in this Directorate from Trad....

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....ation in the FTP (2015-2020), as per para 4.21 (iii) w.e.f. 1st April, 2015 only. 3. In the interest of trade facilitation it has been decided, in consultation with SEZ Division of Department of Commerce, that closure/redemption/EODC may be allowed where the Advance Authorization holder or DFIA holder has made supplies to SEZ units and realised the proceeds in Indian Rupees as per the extant pr....