Authorisation validity and revalidation rules govern issuance, duplicates, and guarantee execution for import export compliance. Chapter 2 prescribes the procedural and compliance framework for import and export operations including territorial filing rules, IEC registration exemptions and single IEC per PAN requirement, issuance, duplication, surrender and validity rules for Authorisations and licences, mandatory execution of Bank Guarantees or Legal Undertakings with Customs (with Corporate Guarantee substitution in defined cases), revalidation and duplicate issuance protocols involving affidavits, indemnity bonds and customs utilization checks, and special controls for restricted and SCOMET items based on end use, end user and non retransfer assurances.
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Provisions expressly mentioned in the judgment/order text.
Authorisation validity and revalidation rules govern issuance, duplicates, and guarantee execution for import export compliance.
Chapter 2 prescribes the procedural and compliance framework for import and export operations including territorial filing rules, IEC registration exemptions and single IEC per PAN requirement, issuance, duplication, surrender and validity rules for Authorisations and licences, mandatory execution of Bank Guarantees or Legal Undertakings with Customs (with Corporate Guarantee substitution in defined cases), revalidation and duplicate issuance protocols involving affidavits, indemnity bonds and customs utilization checks, and special controls for restricted and SCOMET items based on end use, end user and non retransfer assurances.
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