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

[Rama Krishana]

Please see reply to issue ID 1412

AI Summary

Export obligation breach prompts penalty assessment for delayed fulfillment of advance import licence; guidance sought for remedial options. Export obligation under an advance import licence remained unfulfilled for about three years, with export occurring significantly late; the filer asks what penalty may be imposed under the export-import regulatory regime for delayed discharge of the export obligation tied to the advance import licence and seeks guidance on remedial measures, and the sole reply directs the filer to Issue ID 1412 without substantive advice.