Section 7(1)(l) in The Foreign Trade (Regulation) Rules, 1993
(l)in the case of a [license, certificate scrip or any instrument bestowing financial or fiscal benefits] [Substituted by Notification No. G.S.R. 300(E), dated 17.4.2015 (w.e.f. 30.12.1993).] for import, no foreign exchange is available for the purpose;