Trade pioneers and traders often get asked the following question: What documents are required for import? What documents are required to export to India?
When the Specific Exports and Average Exports (if applicable) are done under the license, the exporter needs to redeem the license in other, words get redemption from the License.
Advance license is basically a scheme offered by govt. of India to help exporters import raw material duty-free for the product that is to be exported.