Re-fixation of Export Obligation permitted where sectoral exports decline, prompting EPCG authorisation amendments and administrative checks. Regional Authorities must re-fix the annual average Export Obligation for EPCG authorisations for 2011-12 where product groups showed qualifying export declines; reductions must be endorsed in RA licence files and reflected in Amendment Sheets. Regional Offices shall consider prior policy circulars under Para 5.11.2 before issuing demand notices and must include this review as part of the EODC check-sheet. An enclosed list identifies the product groups with export declines.
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.
Re-fixation of Export Obligation permitted where sectoral exports decline, prompting EPCG authorisation amendments and administrative checks.
Regional Authorities must re-fix the annual average Export Obligation for EPCG authorisations for 2011-12 where product groups showed qualifying export declines; reductions must be endorsed in RA licence files and reflected in Amendment Sheets. Regional Offices shall consider prior policy circulars under Para 5.11.2 before issuing demand notices and must include this review as part of the EODC check-sheet. An enclosed list identifies the product groups with export declines.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
