Withdrawal of Policy Circular No. 7 DT. 4/11/04 related to Export Obligation Period against Import of Penicillin and its salts (ITC HS Code 29411010) or import of 6-APA (ITC HS Code No.29411050) under Advance Licences
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Export obligation period extension clarified: prior circular withdrawn and advance licences auto extended to six months under existing notices. The Directorate General of Foreign Trade withdraws Policy Circular No. 7 dated 4.11.04 with immediate effect and reiterates that any advance licence issued with a three month export obligation period under that circular is automatically extended to a six month export obligation period pursuant to Public Notice No. 6 and Policy Circular No. 1 dated 17.09.04; RLAs may endorse licences to record this extension if the licensee requests.
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Export obligation period extension clarified: prior circular withdrawn and advance licences auto extended to six months under existing notices.
The Directorate General of Foreign Trade withdraws Policy Circular No. 7 dated 4.11.04 with immediate effect and reiterates that any advance licence issued with a three month export obligation period under that circular is automatically extended to a six month export obligation period pursuant to Public Notice No. 6 and Policy Circular No. 1 dated 17.09.04; RLAs may endorse licences to record this extension if the licensee requests.
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