Скачать или смотреть DGFT extends Timelines for Clubbing of Advance License

Hello everyone, today we're diving into a crucial update from the Directorate General of Foreign Trade (DGFT), released on February 12th, 2024, regarding the clubbing of Advance Licenses.

In our previous discussions, we've touched upon the clubbing of licenses, especially when a company holds multiple licenses with varying degrees of export fulfillment. Some licenses might exceed export obligations, while others fall short, creating a need for alignment.

According to the latest notification from DGFT, a significant change has been introduced. Now, licenses issued within 24 months from the earliest license's issuance date can be clubbed, regardless of their current validity status. This is a notable extension from the previous allowance, which only permitted the clubbing of licenses issued within 18 months from the earliest issuance date.

Furthermore, following the clubbing, exports made within 48 months from the issuance date of the earliest license will be considered towards fulfilling export obligations. However, any exports beyond this 48-month window will not be eligible for obligation fulfillment, unless an extension fee for Export Obligation (EO) is paid, allowing for an extension of this period.

Additionally, adhering to the usual procedure, imports made within 30 months from the issuance date of the earliest license will be considered valid for the clubbed licenses.

These updates streamline the process and offer greater flexibility for companies managing multiple licenses, providing a clearer framework for meeting export obligations and managing imports.

Stay tuned for more insights as we navigate through the dynamic landscape of trade regulations."

Feel free to adjust any other part of the script as needed!

User
can you make this statement sound better? We have discussed in our previous videos about clubbing of advance licenses. License clubbing is a very good strategy for a company that has multiple advance licenses and there is a shortfall in export obligation fulfilment and in licenses the export obligation is fulfilled in excess.
ChatGPT
Certainly, here's a refined version of that statement:

"In our previous discussions, we've explored the strategic practice of clubbing advance licenses. This approach serves as a highly effective strategy for companies managing multiple advance licenses, particularly when there's a disparity between export obligations—some licenses may surpass these obligations while others fall short.

Visit us at: https://avigroup.in/