Restriction of exports for fes finished formulations and its APIs

[MANOHARAN ARUMUGAM]

Dear friends,

Few days back DGFT has issued a notifications for export of few APIs and its formulations. My query is if the APIs were imported under Advance licence before the notification came into force, now I have to fulfill the export obligations in terms of customs Notification No. 18/2017. In this scenario what will happen to my export obligation if the conditions of customs notification are not complied with? Pl clarify.

[MANOHARAN ARUMUGAM]

Please read the customs notification no.as 18 of 2015 instead of 18 of 2017.

[YAGAY and SUN]

In our view, you can get clarification from DGFT's office on this.

AI Summary

Export obligation under advance licence may be affected by new export restrictions; seek regulatory clarification on compliance consequences. Issue: APIs and formulations imported under an Advance Licence before a restrictive export notification may face altered conditions for discharge of their attached export obligations. The user queries the effect on export obligation where customs notification conditions cannot be complied with; respondents corrected the notification reference and recommended seeking formal clarification from the regulatory authority.