Question

Intermediate advance license and Advance license

06 Mar 2024
Answer :
Word Count : 577

Intermediate Advance License and Advance License are two key instruments in international trade that facilitate export-import procedures and documentation. These licenses play a crucial role in promoting trade by providing benefits and incentives to exporters while ensuring compliance with regulatory requirements. Let's delve deeper into each of these licenses:

### Intermediate Advance License:

The Intermediate Advance License is a type of export promotion scheme offered by many countries, including India, to encourage value addition in exported products. Here's an overview of its features and procedures:

1. Purpose: The primary objective of the Intermediate Advance License is to promote value addition in export products by allowing duty-free import of raw materials, components, intermediates, etc., necessary for ______ _________ ____ ___ _______ _____ _______ ________ _______ ______ ____.
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