What is obligation of advance licence. how to calculate it.

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Rahul (Querist)
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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.

CS M Pota

CS M Pota (Expert)
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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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