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TMI BlogClarification regarding procedure to be followed for import of all types of approved and un-approved drugs under the Advance Licensing SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... COMMERCE INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE POLICY CIR NO. 41 (RE-2005)/2004-2009, DT. 12/12/2005 Attention is invited to DGFT Policy Circular No.12 (RE 2005/2004-2009) dated 27.6.2005. Paragraph 3 of this Circular is related to re-export of the material imported from an unregistered source in the event of failure to export the resultant product. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e authorisation holder has the option either to use the imported raw material for production of other export products for export or to re-export the imported raw material and the export obligation against advance authorisation shall be deemed to have been discharged to that extent. The Customs Authorities shall ensure that the raw material so exported should be the same raw material, which was imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted to the concerned Regional Authority. 4. This issues with the approval of DGFT. Sd/- (Kiran Sehgal) Deputy Director General of Foreign Trade (Issued from F.No. 01/94/180/Policy Circular/AM06/PCI) ------------------------------ Note : 1. Has been substituted vide Circular No. 18 (RE-07)/2004-2009 dated October 30, 2007 before it was read as, "In any case if the material is importe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spective of the foreign buyer and can be exported to any other foreign buyer. If the export obligation period is not valid at the time of export of other finished product/re-export of raw material, then the licensee shall be required to pay necessary composition fee for extension in export obligation period as per provisions of Policy and the Procedure laid there under." - Circular - Trade Notic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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