Request for closure of Advance Authorisation licenses issued as per para 4.16 (a) of FTP, pending for want of payment to be received from Foreign Currency Account

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... G BHAVAN, NEW DELHI - 110011 Dated 15.07.15 OFFICE MEMORANDUM Subject : Request for closure of Advance Authorisation licenses issued as per para 4.16 (a) of FTP, pending for want of payment to be received from Foreign Currency Account The undersigned is directed to say that a number of representations from exporters were received where they had supplied export products to SE units under Advanc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ired to make payments from their FCA, in cases of supplies received by them towards fulfilment of export obligation against the Advance Authorisation of the DTA supplier. Therefore, all Development Commissioners may be directed to advise concerned SEZ Units to make payment from their FCA to the suppliers in respect of such cases, failing which they would be liable for action under FT (DR) Act, 199 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X