Approval of Norms
 

Regional Authority(RA) may issue Advance Authorisation, where SIONs are not fixed, based on self declaration and an undertaking by applicant for a final adjustment as per Adhoc / SION fixed by Norms Committee(NC).

CIF value of one or more such authorizations shall be maximum 500% of FOB and / or FOR value of preceding year exports and / or supplies in case of status holders and Rs.5 crore or 500% of the FOB and / or FOR value of preceding year exports and / or supply whichever is more, for others.

However in cases where NC has already ratified norms for same export and import products in respect of an AuthoriSation obtained under paragraph 4.7, such norms shall be valid for a period of six months reckoned from dated of ratification.

In such cases AuthoriSations shall be issued by RA concerned under “Adhoc Norms Fixed” category and application copies need not be forwarded to NC for fixation / ratification of norms.

Authorization holder in such cases shall be entitled for further authorisation(s) as per norms ratified by NC without need for subsequent ratification by NC. In such cases applicant would file application under “Adhoc Norms Fixed” category. However, NC should ensure that such adhoc norm(s), if not notified already, are notified within a period of one month after six months of ratification of such adhoc norm(s).

Once norms are fixed by NC, value limits mentioned in above paragraph would not be applicable to advance authorisations issued under this paragraph. Such authorisations, subsequent to fixation of norms by NC, may be enhanced.

It is mandatory for industry to provide production data etc. as may be required by DGFT / EPC for fixation of SION. Otherwise, applicant shall not be allowed to take benefit of Advance Authorisations scheme for taking repeat advance authorizations on self-declaration basis.


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