Licence validity extension and procedural amendments change import/export licence terms, revalidation, fees and benefit claim procedures. Handbook amendments extend licence validity to 18 months and reclassify Special Import Licence as Special Imprest Licence with coterminous validity for projects; require original applications with TR/Demand Draft to regional licensing authorities and copies to DGFT for revalidation; correct benefit base from customs to excise duty saved; mandate additional EPCG fee where actual CIF exceeds licence CIF; permit extension requests subject to penalty on unfulfilled FOB measured against CIF of related imports; and modify SIL eligibility and numerous appendix and declaration requirements.
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.
Licence validity extension and procedural amendments change import/export licence terms, revalidation, fees and benefit claim procedures.
Handbook amendments extend licence validity to 18 months and reclassify Special Import Licence as Special Imprest Licence with coterminous validity for projects; require original applications with TR/Demand Draft to regional licensing authorities and copies to DGFT for revalidation; correct benefit base from customs to excise duty saved; mandate additional EPCG fee where actual CIF exceeds licence CIF; permit extension requests subject to penalty on unfulfilled FOB measured against CIF of related imports; and modify SIL eligibility and numerous appendix and declaration requirements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
