TMI BlogExtension in export obligation period in respect of Advance licenceX X X X Extracts X X X X X X X X Extracts X X X X ..... e Gazette of India extraordinary, Part-II- Section 3 - Sub- section (ii) vide S.O No. 283(E) dated 31.3.97, the Director General of Foreign Trade hereby lays down the following guidelines for extension in export obligation period in respect of Advance Licences for physical exports. 1. In respect of Advance Licences for physical exports issued on or after 1.4.97, where the stipulated time period o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers or otherwise. 2. The request for extension shall be filed with the concerned licensing authority within a period of 60 days from the date of the Public Notice. The licensing authority, which originally issued the licence, shall be competent to grant extension in export obligation period. In cases where BG/Bond has been initially executed with the Customs authority, the licence holder shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... here misrepresentation/fraud has come to the notice of the licensing authorities. Further, in respect of licences where adjudicating orders have already been passed, no extension in export obligation period shall be admissible. 5. In such cases where the licence holder has not availed the facility accorded under this Public Notice, adjudication proceeding shall be initiated on the expiry of 60 da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eriod of 18 months. 7. Exports made from the date of this public notice may be accepted towards discharge of export obligation. Customs may allow provisional clearance of export consignment. However, the exports made in anticipation of grant of extension in EO in terms of this public notice shall be entirely on the risk and responsibility of the exporter. This issues in public interest. (N.L. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
