Extension of Export Obligation permitted for certain advance licences; revalidation subject to committee approval and penalty. Advance licences issued in March-June 1995 may be considered for revalidation or extension of export obligation periods beyond 30 months up to December 31, 1997, by the Advance Licensing Committee, Headquarters, applying parameters in Public Notices No.38 and No.40 and under the Director General's authority; extensions that cause the obligation period to exceed 30 months are subject to a penalty on the unfulfilled value of the export obligation.
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.
Extension of Export Obligation permitted for certain advance licences; revalidation subject to committee approval and penalty.
Advance licences issued in March-June 1995 may be considered for revalidation or extension of export obligation periods beyond 30 months up to December 31, 1997, by the Advance Licensing Committee, Headquarters, applying parameters in Public Notices No.38 and No.40 and under the Director General's authority; extensions that cause the obligation period to exceed 30 months are subject to a penalty on the unfulfilled value of the export obligation.
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