Maintenance of Average requirement continues during extended export obligation period under EPCG amnesty, requiring continued compliance. Holders of EPCG licences availing the amnesty and extension under Public Notice No. 3/2001 must continue to maintain the average export obligation for the entire extended export obligation period until the obligation is fully completed. This requirement applies in addition to the existing conditional obligations such as execution of bank guarantees and other stipulated compliance for the amnesty facility.
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.
Maintenance of Average requirement continues during extended export obligation period under EPCG amnesty, requiring continued compliance.
Holders of EPCG licences availing the amnesty and extension under Public Notice No. 3/2001 must continue to maintain the average export obligation for the entire extended export obligation period until the obligation is fully completed. This requirement applies in addition to the existing conditional obligations such as execution of bank guarantees and other stipulated compliance for the amnesty facility.
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 
