Advance licence extension now requires composition fee for further extensions and mandates input specification declarations. Amendments replace Paragraph 4.27 first sub paragraph to govern Advance Licences issued up to 31.8.2004 by earlier handbook chapters except clubbing and extension governed by Paragraphs 4.20 and 4.22.1; replace Paragraph 4.22.1 third sub paragraph to allow any further extension only on payment of a composition fee calculated as a monthly percentage of the duty saved amount proportionate to the remaining export obligation; add requirement in Paragraph 4.24A(b) for exporters to declare technical characteristics, quality and specifications for specified inputs with licensing authority to record those details; and add Tuticorin to ICD lists in Paragraphs 4.19 and 4.40.
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.
Advance licence extension now requires composition fee for further extensions and mandates input specification declarations.
Amendments replace Paragraph 4.27 first sub paragraph to govern Advance Licences issued up to 31.8.2004 by earlier handbook chapters except clubbing and extension governed by Paragraphs 4.20 and 4.22.1; replace Paragraph 4.22.1 third sub paragraph to allow any further extension only on payment of a composition fee calculated as a monthly percentage of the duty saved amount proportionate to the remaining export obligation; add requirement in Paragraph 4.24A(b) for exporters to declare technical characteristics, quality and specifications for specified inputs with licensing authority to record those details; and add Tuticorin to ICD lists in Paragraphs 4.19 and 4.40.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
