TaxTMI 
TaxTMI 
Time for Advance Authorisation license
30 Dec 2010 
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Export obligation period under advance authorisation typically fixed; extensions allowed during export bans and specified exceptions.
Export Obligation under an Advance Authorisation commences from the authorisation issue date and must be fulfilled within thirty-six months except where EO aligns with contracted durations for projects or deemed exports. Inputs listed in Appendix 30A carry stipulated periods and are not eligible for EO extension, to be endorsed by the Regional Authority. If an export ban/restriction is imposed after issue, the EO period is automatically extended for the ban's duration without composition fee. Holders with certain raw sugar imports have an extended EO period or may regularise by paying customs duty proportionate to unfulfilled EO; customs may allow provisional clearance upon proof of EO extension application. (AI Summary)
Export Obligation under an Advance Authorisation commences from the authorisation issue date and must be fulfilled within thirty-six months except where EO aligns with contracted durations for projects or deemed exports. Inputs listed in Appendix 30A carry stipulated periods and are not eligible for EO extension, to be endorsed by the Regional Authority. If an export ban/restriction is imposed after issue, the EO period is automatically extended for the ban's duration without composition fee. Holders with certain raw sugar imports have an extended EO period or may regularise by paying customs duty proportionate to unfulfilled EO; customs may allow provisional clearance upon proof of EO extension application. (AI Summary)
We have taken advance authorisation license for export on 30/01/2008. The import of inputs is already done but expot obligation are unable to complete with in 3 year, but obligation is only compleeted 30%. Now, can we go for further extended period time. Byrappa KG Sanwa Diamond Tools Pvt Ltd