IEC
ADVANCE LICENCES

 

This scheme is covered under Chapter 4 of Export + Import Policy. The basic concept is to enable Exporter to claim benefit of duty free raw material against export of finished goods. Even packing material is allowed duty free.

Advance Licences are issued for:

  1. Physical Exports,
  2. Intermediate Supplies
  3. Deemed Exports

And further more it is based on

  1. Export item covered by SION i.e norms are fixed.
  2. Export item not covered by SION (norms not fixed)

This particular scheme is Actual user based and raw materials imported cannot be transferred even after completion of export.

Our scope of services in this scheme is :

  • Preparing application forms as per data received.


  • Filing application online through EDI system.


  • Submission of Hard Copy subsequently.


  • Replying to queries if any, raised by Jt. DGFT.


  • Follow-up till you get Advance Licence.


  • Prescrutiny of Invoice / S/Bill before presentation to Customs.


  • Clearance of Shipment under this scheme by JNPT / Air Cargo / Mumbai Custom House from Customs if required.


  • Scrutiny of Bank Certificate before submission to Bankers.


  • Preparing statement of Import / Export itemwise.


  • Applying for Revalidation / EO extension if required.


  • Applying for Invalidation / ARO in favour of Manufacturer if required.


  • Applying for Bondwaiver / Redemption.


  • Paperwork for submission to Customs for final Waiver.


  • If norms not fixed than we can arrange for fixation of Norms.

We require following details for filing Advance Licence

A. FOR FIXED NORMS:

  1. Profile as per Appendix - 2 in duplicate.


  2. Certified copy of RCMC + IEC with Mfg. Unit Address.


  3. Export Description / Quantity / FOB per Unit.


  4. Sion Sr. No.


  5. ITC No + Duty Structure of Import Item.


  6. C. A Certificate of last 3 years Exports.


  7. Import Item required for making one unit of Export production including wastage / CIF price per unit / Import duty structure.


  8. Mfg. Concerned Letter / SSI Copy / C. Excise Licence if Merchant Exporter.


  9. Original S/Bills of past exports for our perusal.


  10. Details of previous licences with status of EO:
    Sr. No Lic. No. + DT FOB CIF % of EO Fulfilled


  11. Summary of EO completed in previous Licences S/Bill wise with status of Imports.


  12. Copy of own SSI / Ind. Licence / SIA Reg. / ISO Certificate as applicable.

B. FOLLOWING ADDITIONAL DETAILS OF NORMS NOT FIXED:

  1. Declaration as per para 4.7.5 of Hand Book of procedure.


  2. Flow Chart / Manufacturing process.


  3. Catalogue of Export product.


  4. Justification of wastage in Details.


  5. Copy of previous Licence or of similar item whereby Norms fixed by DGFT.


  6. Last 3 years production Certificate as follows:
    Sr. No Year Total production of resultant product Quantity of different items consumed (local/Imported both) Quantity consumed / unit production


  7. Copy of Export house or ISO Certificate if applicable.
 
Policy & Procedure
DFRC
 
 
 
FORMS
Appendice-10, 10B
Copyright © 2002-2003 All Rights Reserved.
Copyright © 2002-2003 All Rights Reserved.
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