Validity period of licence for spare parts imports deemed to match export obligation fulfilment period. Amendment provides that for imports of spare parts under the EPCG scheme, the validity period of the licence shall be deemed to be the period permitted for fulfilment of the export obligation in full, thereby aligning licence validity with the authorised export-obligation period.
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Provisions expressly mentioned in the judgment/order text.
Validity period of licence for spare parts imports deemed to match export obligation fulfilment period.
Amendment provides that for imports of spare parts under the EPCG scheme, the validity period of the licence shall be deemed to be the period permitted for fulfilment of the export obligation in full, thereby aligning licence validity with the authorised export-obligation period.
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