Time-bound disposal of trade authorisations enforces processing deadlines and counter procedures to expedite export-import licensing. IEC holders must notify changes in name, address or constitution within 90 days, with limited condonation; authorisations must state CIF/FOB values in rupees and freely convertible currency and contain specific denominational rules for ACU and deemed exports. Late applications may be accepted subject to graded cuts (2%, 5%, 10%); supplementary claims face a 2% cut. DGFT requires furnishing of information, maintenance of consumption registers, operation of Counter Assistance for same day scrutiny, a Standing Grievance Committee for representations, specified time limits for disposal of varied application categories, defined shipment/dispatch date rules by transport mode, and a general power of review over subordinate records.