Login
Password

News
 
View Website In :
BUSINESS OPPORTUNITIES
CURRENCY CONVERTER
ADVERTISE WITH US
E FAX
EMAIL NOTIFICATION
CONTACT US
PRELIMINARY STEPS
FOR IMPORT-EXPORT
EXPORT BENEFITS
IMPORT BENEFITS
QUOTA BENEFITS
RBI BENEFITS
CENTRAL EXCISE BENEFITS
BUYER/SELLER LICENCES
FORMS
FOREIGN EMBASSIES, CONSULATES & HIGH COMMISSION IN INDIA
INDIAS DIPLOMATIC REPRESENTATIVE ABROAD
CHAMBER OF COMMERCE
BROCHURE
NRI BENEFITS
OCTROI BENEFITS
EXPORT PROMOTION MEASURE
OFFER FOR SPOT TRANSACTIONS
CUSTOM DUTY

 

 

                              1. Revalidation OF Duty free Advance Licence
                              2. Extension of Export Obligation Period OF Duty free Advance Licence

 

REVALIDATION :
1 An Advance Licene is issued under Duty Exemption Scheme may be revalidated on merits by the licensing authority concerned, which has issued the licence for a period of Six Months at a time but not beyond a period of 12 Months reckoned from the date of expiry of the validity period
2 An Application for revalidation may be made to the licensing authority concened in the form given in Appendix 12 . However , to such cases where revalidation of the licence is to be considered by DGFT, the originals application alongwith TR shall be submitted to the regional licensing Authority concerned the copy of the same shall be submitted to DGFT
3 In terms of Para 7.23 HBP the regional Licensing authority may consider a request of the Original licence holder and grant one revalidation for a period of six months from the date of expiry of the original licence

4 Request for further revalidation may be considered by the regional licensing
authorities. However such revalidation shall not exceed a period of Six Months from the date of expiry of earlier revalidation
5 The request for revalidation of licence shall be made in the form given in Appx-12
6 In case the exporter is not able to complete exports even in this enhanced period, provision has been made for extension of export obligation period by Regional Licensing Authority to the extent of 6 months on payment of penalty @ 1% of unfulfilled export obligation value. This will also provide an incentive to the exporter to complete export obligation within the extended period of validity of advance licence.
7 The Export obligation period under Advance Licence has been enhanced from 12 months to 18 months and similarly the validity of the Advance Licence has also been enhanced form 12 months to 18 months, hence the exporter gets more time of export and import

Export Obligation Period and its Extension :
A Original Period of EOP :

The Period of fulfillment export obligation under an Advance Licence shall
commence from the date of issuance of Licence. The Export Obligation shall be fulfilled with in a period of 18 months except in the case of supplies under Advance Licence for Deemed Exports/Advance Licence to the Project/turnkey projects in India/Abroad where the ex[poprt obligation must be fullfiled during the contracted duration of executrion of project/turnkey projects
B First Extenion of EOP :

In terms of Para 7.22 HBP the regional Licensing authority may consider a request of the Original licence holder and grant one request fron EOP for a period of six months from the date of expiry of the original export obligation period to the from the date of expiry of the original licensee subject to payment of composition fee of 1% on the unfulfilled FOB Value of export obligation with reference to the CIF Value of Imports made for which the extension is being sought
C

Second Extenion of EOP :

In case the exporter is not able to complete exports even in this enhanced period, provision has been made for extension of export obligation period by Regional Licensing Authority to the extent of 6 months on payment of penalty @ 5% on the unfulfilled FOB Value of export obligation with reference to the CIF Value of Imports made for which the extension is being sought

D

An Application for extension in EOPmay be made to the licensing authority
concened in the form given in Appendix 12.

 

 

 

 

Required Details

Please give following Details/Documents to enable us to process your application.

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 :
     
03. DETAILS OF OUTSTANDING EXPORT OBLIGATION AGAINST ADV LIC LICENCES ISSUED UNDER DUTY EXEMPTION SCHEME.
 
     
04. Directors Rubber Stamp.  
     
05. Cash for Challan for Rs.  
     
06. 1.5% Service Charge on CIF Value of Licence.  
     
07. Rs.2500/- 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)