Extension of export obligation period allowed subject to public notice conditions and condonation of shortfalls by customs authorities. Amendments allow the licensing authority to grant extensions for fulfilment of export obligations and to regularise shortfalls in export obligation ... Summary
Extension of export obligation period allowed subject to public notice conditions and condonation of shortfalls by customs authorities.
Amendments allow the licensing authority to grant extensions for fulfilment of export obligations and to regularise shortfalls in export obligation subject to conditions set out in a Public Notice by the Ministry of Commerce, with such extensions limited by a fixed terminal date and condonation of shortfalls to be effected by the Assistant Commissioner of Customs or the Deputy Commissioner of Customs.
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