Exchange rate applicability for composition fee determines shortfall calculation based on authorization issue date for export obligation regularization. Where there is a shortfall in FOB value the authorization holder must deposit an amount equal to 1% of the shortfall payable in Indian rupees, and the exchange rate for determining that shortfall is to be the date of issue of the authorization.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate applicability for composition fee determines shortfall calculation based on authorization issue date for export obligation regularization.
Where there is a shortfall in FOB value the authorization holder must deposit an amount equal to 1% of the shortfall payable in Indian rupees, and the exchange rate for determining that shortfall is to be the date of issue of the authorization.
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