SIL option permits exporters to claim preceding licensing year benefits subject to specified filing and documentation conditions. A new provision, paragraph 12.8(A), allows exporters who held recognition under the prior and current policies to irrevocably elect to claim SIL based on exports in the preceding licensing year, subject to conditions: the option must be exercised on filing and endorsed on the certificate; exports before 1 April 1997 follow the earlier policy and Handbook rates; exports on/after 1 April 1997 require application in Appendix 20D with SIL on proceeds realised annually; applications must be filed within six months from the licensing year end or 90 days after renewal/recognition; paragraph 12.8(e) remains applicable.
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.
SIL option permits exporters to claim preceding licensing year benefits subject to specified filing and documentation conditions.
A new provision, paragraph 12.8(A), allows exporters who held recognition under the prior and current policies to irrevocably elect to claim SIL based on exports in the preceding licensing year, subject to conditions: the option must be exercised on filing and endorsed on the certificate; exports before 1 April 1997 follow the earlier policy and Handbook rates; exports on/after 1 April 1997 require application in Appendix 20D with SIL on proceeds realised annually; applications must be filed within six months from the licensing year end or 90 days after renewal/recognition; paragraph 12.8(e) remains applicable.
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