Amendments in the H.B. of procedures Vol. I

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..... ion (ii) vide S.O. No. 283(E) dated 31.3.97, the Director General of Foreign Trade hereby makes the following amendment in Handbook (Vol.1), (RE-00), 1997-2002. 1. The word and expression `paragraph 5.6' as appearing in the first sentence (4th line) of paragraph 6.5 shall be corrected to read as `paragraph 5.11 of the EXIM Policy'. 2. The first sentence of paragraph 7.11 shall be amended to re .....

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..... ll be amended to read as under:- The licence shall be valid for 12 months for imports and 18 months for exports from the date of its issuance. Each licence will have One port of registration for imports. Exports can take place from any port mentioned in paragraph 7.19. Within the eligibility, an exporter may apply for one or more than one licences in a licensing year, subject to the condition .....

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..... after settling of accounts as per the SIONs in respect of licence(s) issued in the first year. After expiry of 18 months the licence holder shall furnish proof of having fulfilled export obligation by submitting the documents prescribing in paragraph 7.25. In case of bonafide default in fulfillment of export obligation, the licence holder can apply for regularization in terms of paragraph 7.28. .....

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