Penalty export - export obligation

[Sandeep Jain]

Export Obligation delayed by 36months against import under advance import licence in 1998. The export was done in 2003. Please let me know what will be the penalty levied by DGFT. Also guide the way out to the issue. Thanks..Sandeep Jain 9322222552/9867222552

AI Summary

DGFT Penalty Inquiry: 36-Month Delay on 1998 Advance Import License Export Obligation; Resolution Sought via Issue ID 1412. An individual inquired about the penalty for a 36-month delay in fulfilling an export obligation under an advance import license from 1998, with the export completed in 2003. They sought guidance on the penalty imposed by the Directorate General of Foreign Trade (DGFT) and possible resolutions. A respondent referred them to a reply for issue ID 1412 for further information.