Average Export Obligation relief where sector exports decline, obliging regional authorities to re fix EPCG authorisation obligations. Para 5.19 of HBP (FTP 2015 20) allows re fixation of Annual Average Export Obligation where sector/product exports decline by more than five percent; Regional Authorities must re fix EO for EPCG authorisations for 2014 15, endorse reductions in licence files and amendment sheets, and apply prior policy circulars (under Para 5.11.2 HBP 2009 14) when considering discharge or shortfall before issuing demand notices, including this stipulation in the EODC check sheet.
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.
Average Export Obligation relief where sector exports decline, obliging regional authorities to re fix EPCG authorisation obligations.
Para 5.19 of HBP (FTP 2015 20) allows re fixation of Annual Average Export Obligation where sector/product exports decline by more than five percent; Regional Authorities must re fix EO for EPCG authorisations for 2014 15, endorse reductions in licence files and amendment sheets, and apply prior policy circulars (under Para 5.11.2 HBP 2009 14) when considering discharge or shortfall before issuing demand notices, including this stipulation in the EODC check sheet.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
