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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 & I .....

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6(a) of FTP 2009-14, pending for want of payment to be received from Foreign currency account of SEZ unit. A number of representations have been received in this Directorate from Trade, Industry and Export Promotion Council for EOU and SEZ on the pen .....

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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 .....

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0), as per para 4.21 (iii) w.e.f. 1st April, 2015 only. 3. In the interest of trade facilitation it has been decided, in consultation with SEZ Division of Department of Commerce, that closure/redemption/EODC may be allowed where the Advance Authoriza .....

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