Back to back L/C against DFRC, EO extension under AL, condition for import/ export

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..... e hereby makes the following amendment in the Handbook of Procedures (Vol.1):- 1) At the end of para 2.2 pertaining to "Countries of Imports/ Exports" the following sub para is added as under: "The above provisions shall, however, be subject to all conditionality, or requirement of licence, or permission, as may be required under ITC (HS) Schedule II." 2) Para 4.15 pertaining to "Back to Back I .....

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..... of export obligation with reference to CIF value of imports made for which extension is being sought b) or unfulfilled FOB value of quantitywise exports to be completed for fulfilling export obligation vis a vis the imports made ( in case of multiple inputs, the input with the highest import percentage quantitywise made is to be taken) whichever is higher. Request for a further extension of s .....

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..... position fee of 1% per month of a) the unfulfilled FOB value of export obligation with reference to CIF value of imports made for which extension is being sought b) or unfulfilled FOB value of quantitywise exports to be completed for fulfilling export obligation vis a vis the imports made ( in case of multiple inputs, the input with the highest import percentage quantitywise made is to be taken .....

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