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Closure of Advance Authorisation licences as per para 4.16(a) of FTP 2009-14 pending for want of payment to be received from Foreign currency account of SEZ unit

Closure of Advance Authorisation licences as per para 4.16(a) of FTP 2009-14, pending for want of payment to be received from Foreign currency account of SEZ unit - DGFT - 16/2015 - Dated:- 10-2-2016 - Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated the 10th February, 2016 Trade Notice No. 16/2015 To, All RAs of DGFT Members of Trade Subject: Closure of Advance Authorisation licences as per para 4.1 .....

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he matter has been examined and it is clarified that Para 4.1.6 (a) of FTP 2009-14 had not stipulated that DTA supplying goods under Advance Authorisation to an SEZ unit has to realise payment from Foreign Currency Account of SEZ unit. Moreover, Rule 30(8) of SEZ Rules 2006 also do not mention that it is mandatory for SEZ unit to make payment to Advance Authorisation holder from Foreign Currency Account (FCA). The above condition was made applicable for Advance Authorisation in the FTP (2015-202 .....

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