Externnal jar used as maven dependency

Beside installing 3rd party JARs in maven using mvn install it is posible to use external jars directly in pom.xml in depenency declaration just include systemPath

<dependency>
          <groupId>ro.springsoft</groupId>
          <artifactId>libar</artifactId>
          <version>1.0</version>
          <scope>system</scope>
          <systemPath>${basedir}\ext-libs\libar.jar</systemPath>
  </dependency>