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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
