Provisional clearance in anticipation of E.O Extension under Advance Licence

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..... isation of exports on the basis of Customs assessment of goods. (i) Provisional clearance in anticipation of E.O Extension under Advance Licence. (ii) Regularisation of exports on the basis of Customs assessment of goods. 1) It has come to notice that certain firms are facing impediments in clearance of export consignments on account of expiry of the initial E.O. period under Advance Licences .....

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..... andbook of Procedures (Vol 1) to permit E.O. extension upto 30 months from the date of issuance of the licence. 2) Certain instances of difficulties faced in the redemption/ regularization of Advance Licence have been brought to notice especially in instances of amendment in the product description in DEEC (Exports) during logging by the Customs authorities, variance in description of the export .....

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..... ed for as per the existing guidelines. Hence forth the redemption of Advance Licences may be carried out within the purview of these guidelines. This issues with the approval of the DGFT. Bipin Menon Dy Director General of Foreign Trade (File No: 01/94/180/52/AM02/ PC IV) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia .....

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