Additional extension of six months in the Export Obligation Period (EOP) (beyond permissible extension period in Para 4.42 of the HBP) to advance authorizations issued upto 30.06.2016 involving import of Raw cashew (SION E S) relaxation of Policy/ Procedure.
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Export Obligation Extension granted for certain raw cashew advance authorizations with a composition fee on unfulfilled FOB value. A one-time additional extension in the Export Obligation Period is allowed for Advance Authorizations issued up to 30.06.2016 involving import of Raw Cashew (SION E-8), as a policy relaxation, subject to a composition fee charged monthly on the unfulfilled FOB value of the export obligation; the measure follows a request by the industry and approval by the Policy Relaxation Committee and DGFT.
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Provisions expressly mentioned in the judgment/order text.
Export Obligation Extension granted for certain raw cashew advance authorizations with a composition fee on unfulfilled FOB value.
A one-time additional extension in the Export Obligation Period is allowed for Advance Authorizations issued up to 30.06.2016 involving import of Raw Cashew (SION E-8), as a policy relaxation, subject to a composition fee charged monthly on the unfulfilled FOB value of the export obligation; the measure follows a request by the industry and approval by the Policy Relaxation Committee and DGFT.
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