Extension of export obligation: first extension available by composition fee or by increasing the obligation, at exporter's choice. Regional Authorities may grant the first extension of an export obligation period on the exporter's choice of either payment of a composition fee based on the proportionate duty saved on the unfulfilled obligation or an increase in the export obligation by a specified proportion of the total obligation; this choice applies per year of extension and the first extension is limited to a prescribed multi year term, with other existing provisions remaining unchanged.
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Provisions expressly mentioned in the judgment/order text.
Extension of export obligation: first extension available by composition fee or by increasing the obligation, at exporter's choice.
Regional Authorities may grant the first extension of an export obligation period on the exporter's choice of either payment of a composition fee based on the proportionate duty saved on the unfulfilled obligation or an increase in the export obligation by a specified proportion of the total obligation; this choice applies per year of extension and the first extension is limited to a prescribed multi year term, with other existing provisions remaining unchanged.
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