REDEMPTION/EODC FOR ADVANCE AUTHORISATION

[DINESH DAVE]

I have made less export in terms of qty. but made excess export in terms of FOB. So i want to know that shall i have to pay custom duty on less export qty or FOB value will consider for EODC/REDEMPTION.
 

AI Summary

Consult Handbook Paragraph 4.28 for Guidance on Customs Duty and Export Obligation Discharge Under Advance Authorisation. A participant in a discussion forum inquired about whether they need to pay customs duty due to exporting less quantity than required, despite exceeding the Free on Board (FOB) value under an Advance Authorisation. The response directed the participant to consult paragraph 4.28 of the Handbook of Procedures Volume 1, in conjunction with the Foreign Trade Policy 2009-2014, for guidance on obtaining an Export Obligation Discharge Certificate (EODC) or redemption.