Clarification on the applicability of 3% amount on account of non-achievement of minimum Value Addition as mentioned in para 4.49 (b) and amount equivalent to 10% of the CIF value in Para 4.49 (a) (ii) of HBP 2023
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Minimum value addition penalty applies only to advance authorizations issued after the transitional cut off; earlier AAs follow prior rules. The deposit requirements in Paragraphs 4.49(a)(ii) and 4.49(b) of the Handbook of Procedures, 2023 - namely the deposit equivalent to 10% of CIF value and the 3% shortfall amount - apply only to Advance Authorizations issued on or after 01.04.2023; Advance Authorizations issued prior to that date continue to be governed by the provisions of the Handbook under which they were originally issued, and this clarification does not entitle applicants to refunds of fees already paid.
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.
Minimum value addition penalty applies only to advance authorizations issued after the transitional cut off; earlier AAs follow prior rules.
The deposit requirements in Paragraphs 4.49(a)(ii) and 4.49(b) of the Handbook of Procedures, 2023 - namely the deposit equivalent to 10% of CIF value and the 3% shortfall amount - apply only to Advance Authorizations issued on or after 01.04.2023; Advance Authorizations issued prior to that date continue to be governed by the provisions of the Handbook under which they were originally issued, and this clarification does not entitle applicants to refunds of fees already paid.
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