Joginder Exim Enterprises

Advance Licensing Consultancy

We are reckoned as a trusted Advance Licensing Consultancy in Delhi. The Advance License is granted for the import of inputs without payment of basic customs duty. Our team of experts and professionals has thorough knowledge about this domain. They help clients in completing in all the formalities related to the Advance License. The License could either be value based or quantity based and it is subject to the fulfillment of a time-bound export obligation. Clients can obtain the services at market-leading rates from us.   About the Advance License Scheme : An advance license is granted for the import of inputs without payment of basic customs duty. Such licenses shall be issued in accordance with the policy and procedure in force on the date of issue of the license and shall be subject to the fulfillment of a time-bound export obligation, and value addition as maybe specified. Advance licenses maybe either value based or quantity based. As per the latest amendments to the EXIM Policy, the facility of Back to Back Inland Letter of Credit has been introduced, to enable an Advance License holder to source his inputs from domestic suppliers. Value Based Advance License Under a value based advance license, any of the inputs specified in the license maybe imported within the total CIF value indicated for those inputs, except inputs specified as sensitive items. Under a value based advance license, both the quantity and the FOB value of the exports to be achieved shall be specified. It shall be obligatory on the part of the license holder to achieve both the quantity and FOB value of the exports specified in the license. The Advance License Scheme has been expanded and liberalized with the amendments made to the EXIM Policy, announced on 31st March 1995.