| DEFINITON : |
| 1 |
An Advance Licene is issued under Duty
Exemption Scheme to allow import of inputs, which are
Physically incorporated in the export product(making normal
allowance for wastage). In addition fuel, Oil, energy,Catalyst
etc which are consumed in the course of their use to obtain
export product. |
| 2 |
Advance Licence can be issued for Physical
Exports, Intermediate Supplies for Exports and Deemed
Exports and can be granted to a merchant-exporter or manufacturer-exporter
for the import of inputs
required for the manufacture of goods |
| |
| FEATURES : |
| A |
Advance Licence can be issued for Physical
Exports, Intermediate Supplies for Exports and Deemed
Exports and can be granted to a merchant-exporter or manufacturer-exporter
for the import of inputs
required for the manufacture of goods |
| B |
Advance Licences for Physical export are
exempted from
Basic Customs Duty, Surcharge, Additional Customs Duty, Anti-Dumping
Duty & Safeguard Duty, |
| C |
Advance Licences for Intermediate Manufacturer
are exempted from Basic Customs Duty, Surcharge, Additional
Customs Duty
and not from Anti-Dumping Duty and Safe-guard Duty |
| D |
Advance Licence for deemed export is exempted
only from
Basic Customs Duty, Surcharge, Additional Customs Duty
and not from Anti-Dumping Duty and Safe-guard Duty |
| E |
All these licences are now subjected to
actual user condition and are made non transferrable or material
imported thereunder is not transferred even after completion
of export obligation. |
| F |
Both Merchant and manufacturer Exporters
are eligible for Adv Lic Scheme |
| G |
Any item except those appearing in the
negative list of imports shall be allowed to import |
| H |
Advance Lic Scheme is operated for both
Adhoc/Notiied Normsfixed by Ministry of Commerce |
| I |
Application fee is Rs. 2/- per thousand for Duty Entitlement
Credit
|
| J |
Adv Lic is valid for 18 months.
No revalidation is allowed |
| K |
Pre and Post Export Advance
Licence is non transferrable |
| L |
Third Party Exports are also
admissible |
| M |
In addition Duty free IMPORT/Procurement
of fuel, oil, energy, catalysts etc. |
| N |
Exports to Rupee Currency Area
shall also quality for Duty-free Licence subject to
prevalent rules & regulations. |
| O |
Revalidation of expired Advance
licence where export obligations has been completed by 6 Months |
| P |
The facility of back to back LC for Advance Lic which is
presently confined to one bank and one
Branch extended to cover any bank and branch
|
| Q |
Advance Licene and the relevant
DEEC Book shall specify the following |
| Q1 |
The name and description of
the items to be imported and exported.or supplied |
| Q2 |
Quantity of each item to be
imported or wherever the quantity cannot be indicated, the value
of the
item. Shall be indicate.However, if in Standard input Out put
Norms, the quantity and value of the
individual inputs is the limited factor, the same shall be applicable |
| Q3 |
The aggregate CIF value of
imports. |
| Q4 |
The FOB/FOR value and quantity
of export/supplies |
| R |
Service Charge |
|
R1
|
Service Charge on CIF Value of License : 4% of CIF Value
|
| R2 |
Advance Cheque Favouring :
Rs 10000/-
Bigis Impex Consultancy |
