IMPORT LICENSING

[abhishreshthaa]

IMPORT LICENSING


Import licensing is an alternative to quota system. It is useful for restricting the total quantity to be imported.


In this system, imports are allowed under license permission from the government.


Importers have to approach the licensing authorities for permission to import certain commodities.

Foreign exchanges for imports are provided against such license issued. Such licensing for imports exists in many countries.


Import licensing may be used for controlling the quantity of imports.

 

[bhautik.kawa]

IMPORT LICENSING


Import licensing is an alternative to quota system. It is useful for restricting the total quantity to be imported.


In this system, imports are allowed under license permission from the government.


Importers have to approach the licensing authorities for permission to import certain commodities.

Foreign exchanges for imports are provided against such license issued. Such licensing for imports exists in many countries.


Import licensing may be used for controlling the quantity of imports.

Hey friend,

I am also uploading a document which will give more detailed explanation on the Agreement on Import Licensing Procedures.