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Advance Licence Intermediate Supply
Features Of Duty Free Advance Licence For Intermediate Supply

I  DEFINITON :

A  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.

B  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

II HIGHLIGHT FOR ADVANCE LICENCE FOR INTERMEDIATE SUPPLIES

A  Advance Licence can be issued for Intermediate Supplies may be taken on the
    basis of a tie-up Agreement with the exporter holding an Advance Licence for
    physical exports/deemed exports, Annual requirement for physical     exports/deemed exports
B  Advance Licence may be issued for intermediate supply to a     manufacturer- exporter for the import of inputs required in the manufacture of     goods to be supplied to the ultimate exporter/deemed exporter holding another     Advance Licence.
C  Advance Licence for Intermediate Supply shall be be issued after making the     licence invalid for direct import of item to be supplied by the intermediate     manufacturer. In such cases, a copy of the invalidation letter will be given to the     licence holder and copy thereof will be sent to intermediate supplier as well as     licensing authority of the intermediate supplier.The licencee in such case has an     option either to supply the intermediate product to holder of Advance Licence for     Physical Exports / Deemed exports/Annual requriement or to export directly


III 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
   Transferable 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

If you have any queries, please feel free to call or fax us.

Thanking You,

Yours faithfully,
Impex Solution

Auth Sign(BHARAT PAREKH)

     
     
     
01.   NAME OF COMPANY/FIRM
       
02.   ADDRESS OF THE CO. / FIRM :
(REGISTERED OFFICE IN CASE
OF LIMITED COMPANIES, AND
HEAD OFFICE FOR OTHERS )
    TELEPHONE Nos. :
    FAX Nos. :
    E-MAIL ADDRESS :
       
02-A   NAME AND ADDRESS OF ALL :
THE BRANCHES/DIVISIONS/
UNITS/FACTORIES LOCATED
IN INDIA.
    TELEPHONE Nos. :
    FAX Nos. :
       
03.   DATE OF ESTABLISHMENT OF :
BUSINESS/FACTORY IN INDIA (DD/MM/YY)
       
04.   IEC No.
    DATE OF ISSUE : (DD/MM/YY) :
    FILE No. :
    ISSUING AUTHORITY
       
05. (1) MERCHANT EXPORTER :
  (2) MANUFACTURER EXPORTER
  (3) SERVICE PROVIDER :
  (4) OTHERS (PL. SPECIFY) :
06.   PERMANENT ACCOUNT NUMBER:
    (PAN) OF INCOME TAX
ISSUING AUTHORITY :
    DATE OF ISSUE : (DD/MM/YY) :
       
07.   NO. & DT. OF SSI REGISTRATION/:
INDUSTRIAL LICENCE/IEM/
OTHERS (SPECIFY)
    ISSUING AUTHORITY :
       
08.   EH/TH/STH/SSTH CERTIFICATE No. : (FOR GOVT. RECOGNISED EXPORT HOUSE ONLY)
    DATE (DD/MM/YY) :
    VALID UPTO(DD/MM/YY) :
       
09.   NATURE OF THE APPLICANT FIRM : (PLEASE SPECIFY)
(1)GOVERNMENT UNDERTAKING
(2)PUBLIC LIMITED CO.
(3)PRIVATE LIMITED COMPANY
(4)PROPRIETORSHIP
(5)PARTNERSHIP
(6)OTHERS (PLEASE SPECIFY)
     
10.   DETAILS OF THE MAIN BANKER AND BANK ACCOUNT (ONLY MAIN BANKER)
    NAME AND ADDRESS OF THE BANK :
    TYPE OF ACCOUNT : CURRENT A/C
SAVINGS A/C.
    ACCOUNT No. :
       
11.   RCMC No. :
    DATE OF ISSUE : (DD/MM/YY) :
    VALID UPTO : (DD/MM/YY) :
    ISSUING AUTHORITY :
       
12.   DETAILS OF THE PROPRIETOR /PARTNER/DIRECTOR TO BE
GIVEN IN THE
FOLLOWING MANNER : (ADD ADDITIONAL SHEET IF REQUIRED)
 
  (1)(A) NAME (MR/MRS/MISS) :
  (B) FATHER'S NAME
  OR (B) HUSBAND'S NAME :
  (C) RESIDENTIAL ADDRESS :
  (D) RESIDENTIAL TELEPHONE :
  (E) E-MAIL ADDRESS
       
  (2) (A) NAME (MR/MRS/MISS) :
  (B) FATHER'S NAME :
  OR (B) HUSBAND'S NAME :
  (C) RESIDENTIAL ADDRESS :
  (D) RESIDENTIAL TELEPHONE :
  (E) E-MAIL ADDRESS :
       
  (3)(A) NAME (MR/MRS/MISS) :
  (B) FATHER'S NAME :
  OR (B) HUSBAND'S NAME :
  (C) RESIDENTIAL ADDRESS :
  (D) RESIDENTIAL TELEPHONE :
  (E) E-MAIL ADDRESS :
13.   SIGNATURE OF THE :
(PROP/PARTNER/DIRECTOR)
    NAME OF SIGNATORY :
    DESIGNATION :
       
14.  

Two Self Certified copies of :

A Importer Exporter Code No
B Partnership Deed / Articles of Memorandum.
C Permanent Income Tax A/c. No.
D SSI/SIA Certificate
E Central Excise Registration Certificate
F Registration Cum Membership Certificate And Third Party if any
G Export Order
H Mfg Process with Flow Chart
I Pamphlet / Literature of Photograph of machinery to be imported
J Bills of Entry of Same Item if available

 
       
15.   Four Self Certified copies of Export
Order :

A FOB Value
B Insurance Value
C Freight Value
D CIF Value
E Country of Origin
F Country of Shipment
 
       
16.   10(Ten) big size letterheads Duly signed by :
Prop/Partner/Director with Designation stamp
on right side base corner.
 
       
17   Details of Past Export Performance for last 3 Licensing Year.  
 
1 Period 01.04.98 To 31.3.99 01.04.99 To 31.03.00 01.04.00 To 31.03.01
2 Description      
3 FOB Value      
18  

Details Of Outstanding Export Obligation Against Adv
Lic Licences Issued Under Duty Exemption Scheme.

A Licence No & date
B CIF Value
C FOB Value
D Percentage of E.O.Fulfilled Quantity Wise
E Percentage of E.O.Fulfilled Value wise
F Expiry date of E.O.Period

 
       
19   Directors Rubber Stamp.  
       
20   Cash for Challan for Rs.  
       
21   4% Service Charge on CIF Value of Licence.  
       
22   Rs.10000/- Cheque Favouring Bigis Impex Consultancy  
       
If you have any queries, please feel free to call or fax us.

Thanking You

Yours faithfully,
Impex Solution

Auth Sign(BHARAT PAREKH)