4.7.1
- Document type
- Procedure
- Dated
Entitlement
Entitlement
4.7.1
The CIF value of one or more such authorisations shall be 500% of the FOB and/or FOR value of preceding year exports and/or supplies in case of status holders and Rs. 5 crore or 500% of the FOB and/or FOR value of preceding year exports and/or supply, whichever is more, for others.
However, in cases where NC has already ratified the norms for the same export and import products in respect of an authorisation obtained under paragraph 4.7, such norms shall be valid for a period of six months reckoned from the date of ratification.
The authorisation holder in such cases shall be entitled for further authorisation(s) as per the norms ratified by NC without the need for subsequent ratification by NC. In such cases the applicant would file the application under Adhoc Norms Fixed category. However, NC should ensure that such adhoc norm(s), if not notified already, are notified within a period of one month after six months of ratification of such adhoc norm(s).
Authorisations shall be issued by the Regional Authority concerned under Adhoc Norms Fixed category and in such cases the application copies need not be forwarded to the NC for fixation/ratification of norms.
4.7.1
The CIF value of one or more such authorisations shall be 500% of the FOB and/or FOR value of preceding year exports and/or supplies in case of status holders and Rs. 5 crore or 500% of the FOB and/or FOR value of preceding year exports and/or supply, whichever is more, for others.
However, in cases where NC has already ratified the norms for the same export and import products in respect of an authorisation obtained under paragraph 4.7, such norms shall be valid for a period of six months reckoned from the date of ratification.
The authorisation holder in such cases shall be entitled for further authorisation(s) as per the norms ratified by NC without the need for subsequent ratification by NC. In such cases the applicant would file the application under Adhoc Norms Fixed category. However, NC should ensure that such adhoc norm(s), if not notified already, are notified within a period of one month after six months of ratification of such adhoc norm(s).
Authorisations shall be issued by the Regional Authority concerned under Adhoc Norms Fixed category and in such cases the application copies need not be forwarded to the NC for fixation/ratification of norms.