Export obligation revised to require discharge by exporting goods manufactured in India under specified advance licence conditions. The amendment substitutes the export-obligation condition to require discharge within the certificate period or any extended period granted by the Licensing Authority or the Director General of Foreign Trade by exporting goods manufactured in India for which Central Excise facilities have not been availed in respect of materials permitted under the advance licence, and clarifies that quantity based advance intermediate licences may cover manufacture and supply to holders of special imprest licences producing specified final goods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export obligation revised to require discharge by exporting goods manufactured in India under specified advance licence conditions.
The amendment substitutes the export-obligation condition to require discharge within the certificate period or any extended period granted by the Licensing Authority or the Director General of Foreign Trade by exporting goods manufactured in India for which Central Excise facilities have not been availed in respect of materials permitted under the advance licence, and clarifies that quantity based advance intermediate licences may cover manufacture and supply to holders of special imprest licences producing specified final goods.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
