What is obligation of advance licence. how to calculate it.
This query is : Resolved
21 August 2019
Hello sir,
what is obligation for advance licence. ( advance authorisation) how to calculate it.
can you please advice in details along with formula.
Regards
Rahul Sonawane.
what is obligation for advance licence. ( advance authorisation) how to calculate it.
can you please advice in details along with formula.
Regards
Rahul Sonawane.
22 August 2019
In Advance licence you need to verify how much Value addition is required.Value addition mean Percentage of export over Import.most of minimum value addition is 15% which mean if you import for USD 100 you need to export for USD 115. The formula is FOB of export - CIF of Import/ CIF of Importx100.
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