Validity of import licences tied to shipment date; EPCG licences co-terminus with export obligation and CEC certification required. Amendments require IEC holders (excluding those issued in the immediately preceding licensing year) to file annual online import/export details; define licence validity by date of shipment/dispatch from the supplying country; make EPCG licences for spares and related items co-terminus with the Export Obligation Period and require CEC certification and forwarding to Central Excise; treat licences used beyond an allowed tolerance as automatically enhanced with corresponding fee and export obligation adjustment; restrict revalidation of transferable and stock-and-sale licences unless expiry occurred in custody of Customs or the licensing authority.
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.
Validity of import licences tied to shipment date; EPCG licences co-terminus with export obligation and CEC certification required.
Amendments require IEC holders (excluding those issued in the immediately preceding licensing year) to file annual online import/export details; define licence validity by date of shipment/dispatch from the supplying country; make EPCG licences for spares and related items co-terminus with the Export Obligation Period and require CEC certification and forwarding to Central Excise; treat licences used beyond an allowed tolerance as automatically enhanced with corresponding fee and export obligation adjustment; restrict revalidation of transferable and stock-and-sale licences unless expiry occurred in custody of Customs or the licensing authority.
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