Export obligation extension permitted with penalty; longer extensions require consideration by a DGFT headed committee for imports. The Licensing Authority may grant an extension in export obligation period for a limited period against one or more consignments on payment of a penalty on the unfulfilled FOB value of the export obligation with reference to the CIF value of the imports for which extension is sought. Any request for extension beyond the specified limited period can be considered only by a Committee headed by the Director General of Foreign Trade.
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.
Export obligation extension permitted with penalty; longer extensions require consideration by a DGFT headed committee for imports.
The Licensing Authority may grant an extension in export obligation period for a limited period against one or more consignments on payment of a penalty on the unfulfilled FOB value of the export obligation with reference to the CIF value of the imports for which extension is sought. Any request for extension beyond the specified limited period can be considered only by a Committee headed by the Director General of Foreign Trade.
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