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advance licence

This query is : Resolved 
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(Querist)
12 July 2008 1) kindly tell me what is advantage of advance licence.

2) how can i calculate the duty structure for epcg licence for the machinary import.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
31 January 2009 Advance licence is issued by director general of foreign trade to import materials or machineries without payament of duty by providing bank guarantee or corporate bond or letter of undertaking.

See the type of machinery you are importing the applicable customs duty will be duty structure.

Please refer customs tarrif.
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