TMI BlogTime for Advance Authorisation licenseX X X X Extracts X X X X X X X X Extracts X X X X ..... We have taken advance authorisation license for export on 30/01/2008. The import of inputs is already done but expot obligation are unable to complete with in 3 year, but obligation is only compleeted 30%. Now, can we go for further extended period time. Byrappa KG Sanwa Diamond Tools Pvt Ltd - Reply By Mangesh Lokre - The Reply = Please go through the relevant Para of HBoP to FTP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Export Obligation (EO) Period and its Extension 4.22 Fulfillment Period of EO under an Advance Authorisation shall commence from Authorisation issue date, unless otherwise specified. EO shall be fulfilled within 36 months except in case of supplies to projects / turnkey projects in India / abroad under deemed exports category where EO must be fulfilled during contracted durati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on. EO period for Advance Authorizations issued with input(s) as mentioned in Appendix 30A shall be as per the period stipulated against each entry therein. Facility of extension of EOP shall not be allowed in case of Advance Authorisation issued for these inputs. RA shall make an endorsement in Advance Authorisation to this effect. 4.22.1 Whenever a ban / restriction is imposed on e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xport of any product, export obligation period in respect of Advance Authorisation already issued prior to imposition of ban, would stand automatically extended for a period equivalent to the duration of ban, without any composition fee. For the Advance Authorisation (erstwhile licences) where raw sugar has been imported between 21.09.04 and 15.4.08, but the export obligation is yet ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to be fulfilled, the export obligation 69 period stands automatically extended upto 31.03.2011 without payment of composition fee. Advance licence / authorisation holder has the option to pay the customs duty as applicable, on the date of import for the quantity of import proportionate to unfulfilled E.O. and get the case regularized accordingly. 4.22.2 Customs may allow provisiona ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l clearance of export consignment as and when Authorisation holder produces documentary evidence of having applied for EO extension to concerned RA. - Time for Advance Authorisation license - Query Started By: - Sanwa Diamond Tools Pvt Ltd Dated:- 30-12-2010 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rsonal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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