PARA 4.8
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 ( upto 31/03/2003)
Financial Powers
Deleted
4.8
The financial powers of the licensing authorities and ALC are given in the table below:
(It has been decided to continue with the earlier policy provision of permitting regional licencing authorities to issue advance licence in respect of Petroleum and Petrochemical Products to be manufactured from crude oil upto a limit of a CIF value of Rs 500 crores.
Hence paragraph 4.8 pertaining to the Financial Powers is deleted vide PN No. 51/2002-07, DT. 04/12/2002)
4.8
The financial powers of the licensing authorities and ALC are given in the table below:
| Category of Application | On published norms and under paragraph- 4.7 of this Handbook | |
| CIF Value upto Rs.50 Crore | CIF value above Rs.50 crore | |
| Issuing Authority for Advance License | Regional Licensing Authority | Regional Licensing Authorities on the recommendation of ALC. |
(It has been decided to continue with the earlier policy provision of permitting regional licencing authorities to issue advance licence in respect of Petroleum and Petrochemical Products to be manufactured from crude oil upto a limit of a CIF value of Rs 500 crores.
Hence paragraph 4.8 pertaining to the Financial Powers is deleted vide PN No. 51/2002-07, DT. 04/12/2002)