Export obligation extension for gem and jewellery exporters affected by post September 11 disruptions, allowing extended compliance periods for specified licences. Extension of Export Obligation periods for the Gem and Jewellery sector applies to exports under nominated agency supply and Advance Licences (Handbook paras 8.59 and 8.70) where triggering transactions occurred on or before 11 September 2001. Replenishment exports must be completed within 180 days from booking; outright advance purchases within 180 days from purchase; nominated agency gold loans within 180 days from release of gold on loan; and Advance Licence obligations within 180 days from import of the first consignment. Relief is available for permissible export destinations as per the Exim Policy.
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Provisions expressly mentioned in the judgment/order text.
Export obligation extension for gem and jewellery exporters affected by post September 11 disruptions, allowing extended compliance periods for specified licences.
Extension of Export Obligation periods for the Gem and Jewellery sector applies to exports under nominated agency supply and Advance Licences (Handbook paras 8.59 and 8.70) where triggering transactions occurred on or before 11 September 2001. Replenishment exports must be completed within 180 days from booking; outright advance purchases within 180 days from purchase; nominated agency gold loans within 180 days from release of gold on loan; and Advance Licence obligations within 180 days from import of the first consignment. Relief is available for permissible export destinations as per the Exim Policy.
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