Surrender of special import licence required for valuewise shortfall; applies to licences issued before 1 April 1997 pending regularisation. Surrender of Special Import Licence is required to regularise valuewise shortfall in export obligation by surrendering SILs equivalent to four times the CIF value of imports on a pro rata basis, and this surrender requirement applies to licences issued prior to 1 April 1997 where cases are still pending for regularisation.
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.
Surrender of special import licence required for valuewise shortfall; applies to licences issued before 1 April 1997 pending regularisation.
Surrender of Special Import Licence is required to regularise valuewise shortfall in export obligation by surrendering SILs equivalent to four times the CIF value of imports on a pro rata basis, and this surrender requirement applies to licences issued prior to 1 April 1997 where cases are still pending for regularisation.
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