Late cut for delayed export applications: graded penalty applies allowing post-deadline consideration under the trade policy. Amendment to Para 9.3 permits consideration of applications received after the prescribed last date subject to a late cut. Applications received after the last date but within six months may be considered with a reduced late cut; applications received after six months but not later than one year from the prescribed date may be considered with a higher late cut. The change is made under Paragraph 2.4 of the Foreign Trade Policy 2004-2009.
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Provisions expressly mentioned in the judgment/order text.
Late cut for delayed export applications: graded penalty applies allowing post-deadline consideration under the trade policy.
Amendment to Para 9.3 permits consideration of applications received after the prescribed last date subject to a late cut. Applications received after the last date but within six months may be considered with a reduced late cut; applications received after six months but not later than one year from the prescribed date may be considered with a higher late cut. The change is made under Paragraph 2.4 of the Foreign Trade Policy 2004-2009.
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