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Deemed export obligation compliance: exports completed before the notice are regularised without penalty, but prior payments are nonrefundable. Where exports under advance licences were completed prior to the Public Notice date but outside the prescribed export obligation period, those exports are deemed to have been made within the prescribed export obligation period and no penalty is to be charged for regularisation or extension; however, any penalties already paid shall not be refunded.
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.
Deemed export obligation compliance: exports completed before the notice are regularised without penalty, but prior payments are nonrefundable.
Where exports under advance licences were completed prior to the Public Notice date but outside the prescribed export obligation period, those exports are deemed to have been made within the prescribed export obligation period and no penalty is to be charged for regularisation or extension; however, any penalties already paid shall not be refunded.
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