Automatic extension of export obligation when export ban imposed; extension equals ban duration and no composition fee. Where a ban or restriction is imposed on export of any product, the export obligation period for EPCG authorizations issued prior to the imposition is automatically extended for a period equal to the duration of the ban or restriction; no composition fee shall be payable and the exporter shall not be required to fulfill the average export obligation for the ban/restriction period.
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.
Automatic extension of export obligation when export ban imposed; extension equals ban duration and no composition fee.
Where a ban or restriction is imposed on export of any product, the export obligation period for EPCG authorizations issued prior to the imposition is automatically extended for a period equal to the duration of the ban or restriction; no composition fee shall be payable and the exporter shall not be required to fulfill the average export obligation for the ban/restriction period.
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