Provisional clearance in anticipation of E.O Extension under Advance Licence

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..... asis of Customs assessment of goods. (i) Provisional clearance in anticipation of E.O Extension under Advance Licence. (ii) Regularisation of exports on the basis of Customs assessment of goods. 1) It has come to notice that certain firms are facing impediments in clearance of export consignments on account of expiry of the initial E.O. period under Advance Licences despite the fact that applic .....

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..... to permit E.O. extension upto 30 months from the date of issuance of the licence. 2) Certain instances of difficulties faced in the redemption/ regularization of Advance Licence have been brought to notice especially in instances of amendment in the product description in DEEC (Exports) during logging by the Customs authorities, variance in description of the export product from that imposed on .....

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