NEW
4.24A
The exporters eligible for such
licences shall file an application in Appendix-10-I to the licensing authority
under whose jurisdiction the manufacturing unit of the applicant is located.
The Head office/Registered office of the company can also file an
application on behalf of the manufacturing unit. In such cases, the Head
office/Registered office shall furnish full address of the factory where the
inputs shall be used in the resultant product for exports. In case of merchant
exporters, the application shall be made by the Head office/ Registered office
mentioning the name and address of the supporting manufacturer shall be endorsed
on the condition sheet attached to the licence.
The applicant shall have
the flexibility to import any input in respect of items falling under the
product group mentioned in the licence. However, the licence holder shall have
to account for the inputs as per SION/ individual norms fixed by Advance
Licensing Committee within the time period prescribed in this regard. In respect
of export products for which Standard Input Output Norms does not exist, the
licence holder shall submit an application in Appendix-10 alongwith prescribed
documents to ALC before making the shipment. The applicant shall also furnish
Advance Licence for Annual Requirement number and date alongwith the file number
from which the same was issued in the covering letter to the
application.
In such cases where there is a change in SION/ individual
norms fixed by Advance Licensing Committee during the validity period of the
licence, the licence holder shall account for raw material in respect of the
exports made prior to the date of amendment, as per pre-revised norms and for
exports made on or after the date of amendment as per revised norms.
At
the time of imports, the licence holder shall furnish the details of inputs,
including its specification and technical characteristics, to the Customs
authorities for making entries in the imports column. The licence holder shall
maintain the nexus in the imported inputs and the resultant product.
The
applicant shall furnish details of the export product group, CIF value of
licence and FOB value of the export obligation. However, the licence holder
shall have the flexibility to export any product falling under the export
product group using the exempt material.
The licence shall be valid for
12 months for imports and 18 months for exports from the date of its issuance.
Each licence will have One port of registration for imports. Exports can take
place from any port mentioned in paragraph 4.19.
Within the eligibility,
an exporter may apply for one or more than one licences in a licensing year,
subject to the condition that against one port of registration only one licence
can be issued with respect to one major export product group. On completion of
export obligation against one or more licences, all issued in the same licensing
year, the entitlement of an exporter shall be deemed to be revived by an amount
equivalent to the export obligation completed against the licence(s). An
exporter may accordingly apply for licence(s) in the same licensing year subject
to the condition that at any point of time, in a licensing year, no two licences
shall be allowed to be issued for one major export group, as defined at Sl.No. 7
of Appendix -1, against one port of registration.
The eligible applicant
can apply for licence in the second year as per his eligibility. However, in the
third year, licence shall be issued only after settling of accounts as per the
SIONs/individual norms fixed by ALC in respect of licence(s) issued in the first
year.
After expiry of 18 months the licence holder shall furnish proof of
having fulfilled export obligation by submitting the documents prescribing in
paragraph 4.25. In case of bonafide default in fulfillment of export obligation,
the licence holder can apply for regularization in terms of paragraph
4.28.
No revalidation or extension in export obligation period shall be
permitted in case of Advance Licence for Annual Requirement.
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