Re-fixation of Annual Average Export Obligation allowed where sectoral export decline exceeds threshold; regional offices must amend EPCG licences. Para 5.11.2 permits re-fixation of Annual Average Export Obligation where a sector/product group shows specified export decline; Regional Offices must re-fix the obligation for EPCG Authorisations for 2012-13, endorse reductions in licence files, issue Amendment Sheets to holders, and consider prior policy circulars under Para 5.11.2 before issuing demand notices, incorporating this requirement into the EODC check-sheet. A list of affected product groups is enclosed.
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.
Re-fixation of Annual Average Export Obligation allowed where sectoral export decline exceeds threshold; regional offices must amend EPCG licences.
Para 5.11.2 permits re-fixation of Annual Average Export Obligation where a sector/product group shows specified export decline; Regional Offices must re-fix the obligation for EPCG Authorisations for 2012-13, endorse reductions in licence files, issue Amendment Sheets to holders, and consider prior policy circulars under Para 5.11.2 before issuing demand notices, incorporating this requirement into the EODC check-sheet. A list of affected product groups is enclosed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
