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Composition fee for Advance Authorization: prescribed slabs apply when extending export obligation period or regularising exports. Amendment to Para 4.42 adds sub para (j) prescribing a Composition Fee regime for implementation of all PRC decisions that permit extension of the Export Obligation Period and/or regularisation of exports under the Advance Authorization Scheme, with tiered fees by CIF value of licences and a no refund rule for earlier paid fees, applied uniformly to past and future decisions to promote transparency and reduce transaction costs.
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Composition fee for Advance Authorization: prescribed slabs apply when extending export obligation period or regularising exports.
Amendment to Para 4.42 adds sub para (j) prescribing a Composition Fee regime for implementation of all PRC decisions that permit extension of the Export Obligation Period and/or regularisation of exports under the Advance Authorization Scheme, with tiered fees by CIF value of licences and a no refund rule for earlier paid fees, applied uniformly to past and future decisions to promote transparency and reduce transaction costs.
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