06 February 2012
AS PER CURRENT FOREIGN TRADE POLICY Validity of import / export Authorisation from date of issue shall be as follows, unless specified otherwise:
(i) Advance Authorisation / DFIA (including Advance Authorisation for annual requirement, and Replenishment Authorisation for Gem & Jewellery as per Chapter- 4 of FTP) 24 months
(ii) a For Zero duty EPCG Authorisations (other than spares) 9 months
(ii) b For 3% EPCG Authorisations (other than spares) 36 months
(iii) EPCG Authorisation for Spares, refractories, catalyst and consumables Co-terminus with EOP of EPCG Authorisation
(iv) Others including CCP and DEPB, unless otherwise specified 24 months
(v) Advance Authorisation / DFIA for deemed export (including Advance Authorisation for annual requirement) 24 months or Co-terminus with contracted duration of project execution, whichever is later. (vi) Export Licence / Authorisation 12 months (However, EFCmay decide toissue ExportAuthorisation fora longer duration in case of R&Dstudies based on recommendation of technical authority)
06 February 2012
R & D Cess in applicable on technology transfer. In most of the cases manufacturing process transfer involves transfer of manufacturing technology..
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