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TMI BlogMandatory returns - Validity Of Import Licence/Certificate/ Permissions/ CCPSX X X X Extracts X X X X X X X X Extracts X X X X ..... kes the following amendment(s) in the Handbook of Procedures (Vol. I):- 1. Para 2.9.5 is amended to read as under- "Each IEC holder (barring those who have obtained IEC in the preceding licensing year i.e 1.4.2003 to 31.3.2004) shall be required to furnish yearly details of imports/exports made by him in the preceding licensing year by 31st December. The information shall be furnished online by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... certificate/permissions and stock and sale licence/certificate/permission shall not be permitted unless the licence/ certificates/ permissions have expired while in custody of the Customs authority/ licencing authority." 5. Para 2.12.2 is amended to read as under- "The period of validity means the period for shipment/ dispatch of goods covered under the licence/certificate/ permission. The vali ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... % of the CIF value of the licence, licence shall be deemed to have been enhanced by that proportion. The Customs shall automatically allow the clearance of goods in excess of 10% of the licence value without endorsement by the licensing authority. In such cases, the licence holder shall furnish additional fee to cover the excess CIF value of imports effected subsequently. The export obligation sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n self declaration and an undertaking by the applicant for a final adjustment as per Adhoc/SION fixed by ALC. However, no Advance Licence for import of horn, hoof and other organ of animal, or for any item for which DGFT may so notify, shall be issued under Paragraph 4.7 by the licensing authority. For export of perfumes, perfumery compounds and various feed ingredients containing vitamins, no lic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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