PARA 4.55.2
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 ( upto 31/03/2003)
Replenishment Licence
4.55.2
In case where part payment has been realised against an invoice, the application for REP licence may be made within six months following the month during which part payment was realised, provided;
a) Not more than two such applications may be made for each such invoice; and
b) The first such application shall be made only after 50% of the proceeds of the invoice is realised.
In case where part payment has been realised against an invoice, the application for REP licence may be made within six months following the month during which part payment was realised, provided;
a) Not more than two such applications may be made for each such invoice; and
b) The first such application shall be made only after 50% of the proceeds of the invoice is realised.