Advance intermediate licence, Marketing Research

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Advance Intermediate Licence : An advance intermediate licence is granted to a manufacturer exporter for the import of inputs required in the manufacture of goods to be supplied to the ultimate exporter or eligible deemed exporter holding an advance 1icenceJspecial impress licence.

iii) Special Imprest Licence : A special imprest licence is granted to a manufacturer exporter for the import of inputs required in the manufacture of goods to be supplied to the following categories :

i) Supplied to units in Export Processing Zones, Export Oriented Units, Technology Parks, etc.

ii) Supply of capital goods to holders of licences under zero duty Export Promotion Capital Goods Scheme.

iii) Supply made to projects financed by multilateral or bilateral agencies.

iv) Can be availed by the subcontractor of the main contractor to the project.

v) SupplIes made to United Nations Organisation or under the aid programme of the

United Nations or other multilateral agencies and paid for in foreign exchange. Other Schemes Besides, the above mentioned schemes, other schemes are Advance Release Orders and Back to Back Inland Getter of Credit.

i) Advance Release Orders : A duty free licence holder has the option either to import items allowed under the licence directly or to obtain them from indigenous sources or canalising agencies. This option may be availed against Advance Release Orders denominated in foreign exchange or Indian Rupees. An Advance Release Orders may be granted by the Licensing Authority which issued the duty free licence.

ii) Back to Back Inland Letter of Credit : Instead of an Advance Release Order, the exporter may avail the facility of Back to Back Inland Letter of Credit. Such exporter may approach to a bank for opening an Inlaid Letter of Credit in favour of an indigenous supplier.

Conditions : In order to avail duty exemption licence scheme, the exporters are required to follow the conditions of the export obligations, Input-Output norms, value additions, etc. These are discussed as under :

Export Obligation : The export obligation shall be fulfilled within a period of 18 months., In case 'of supplies under Special Imprest Licence to the projects, the export obligation must be fulfilled during the contracted duration of execution of the project.

The period shall commence from the date of issuance of the licence.

Input-Output Norms: The standard input-output norms for the imports and exports for the grant ,of a duty free licence shall be in accordance with the norms published by the Director General of Foreign Trade. In respect of goods for which such standard input-output norms have not been published, the norms will be as specified by the competent authority.

Value Addition: Unless otherwise specified the duty free licence sill he subject to the achievement of a minimum value addition of 33%.

Third Party Exports: The advance licence folder may export directly or through their party. In this case, shipping bills relating to the export shall show the names of both the licence holder and the third party.

Procedure to obtain Licence: Any merchant exporter or manufacturer exporter who holds an Import-Export Code, No., Registration-cum-Membership Certificate, a specific order or letter of credit or project authority, may apply for duty free licence. In case of exporters working under production programme and exports to warehouse by FIE0 in Dubai made by Export Houses or Public Sector Undertaking on consignment basis, application may be filed without export order or letter of credit. An application for a duty free licence may be made in duplicate to the concerned Licensing Authority having jurisdiction under the Duty Exemption Scheme. 'The Licensing Authorities are Regional Licensing Authority, Advance Licensing Committee and Zonal Advance Licensing Committee. The application is sent along with the following documents :

I) Profile of Exporter-Importer

ii) Bank receipt or demand draft in duplicate towards the payment of application fee

iii) Export order or Letter of credit, if any

iv) Self certified copy of valid RCMC

v) Any other documents if required


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