Extension of export obligation: bank guarantee covering customs duty plus interest enables time-limited regularisation of Advance and EPCG licences. Extension of export obligation periods for Advance and EPCG licences is allowed on submission of a bank guarantee covering customs duty in proportion to the unfulfilled obligation together with 24% simple interest for the specified interest period; guarantees must be valid to 31.3.2002 and are forfeitable if the extended export obligation is not met. Applications must be filed with the original licensing authority within 60 days of the Public Notice; no extension is permitted where misrepresentation, fraud, or prior adjudication exists, and exports completed before the Public Notice but outside the original period are regularised as within the prescribed period.