Export obligation period clarified: initial term for certain advance licences set to two years, with project exceptions. Clarifies that the initial Export Obligation period for Advance Licences issued between 1.4.2004 and 31.8.2004 is 24 months, except where licences relate to Deemed Exports or to projects/turnkey projects in India or abroad-those obligations must be fulfilled over the contracted execution period; Regional Authorities may act on licences without insisting on additional documents or fees.
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Export obligation period clarified: initial term for certain advance licences set to two years, with project exceptions.
Clarifies that the initial Export Obligation period for Advance Licences issued between 1.4.2004 and 31.8.2004 is 24 months, except where licences relate to Deemed Exports or to projects/turnkey projects in India or abroad-those obligations must be fulfilled over the contracted execution period; Regional Authorities may act on licences without insisting on additional documents or fees.
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