Issue of Advance Licences for import of Natural Rubber

SALC Circular No. 8 dated 20^th February 1999

Attention of all the Licensing Authorities are invited to various standard input-output norms as published in the Handbook of Procedures (Vol. II), 1997-2002, as amended permitting import of natural rubber as one of the inputs for export of specified items.

2. It has been decided that holders of Advance licences with natural rubber, as one of the inputs shall procure their requirement of natural rubber from STC only. Accordingly all the licensing authorities are advised that henceforth while issuing any advance license, as per policy, with natural rubber as one of the import item, they shall first invalidate the advance licence for direct import of natural rubber and thereafter shall issue ARO for procurement of natural rubber from STC of India Ltd. at or below international price. Detailed instructions in this respect have been issued to STC.

3. All the licensing authorities are advised to follow these instructions strictly.