Export obligation redefined to include manufacturing with imported capital goods and specified foreign currency service receipts. Amendments redefine export obligation across multiple customs exemption notifications to include export of products manufactured with imported, assembled or manufactured capital goods and exports referenced in the Commerce Ministry notification dated 28th January, 2004; for service providers, export obligation includes receipt of payment in freely convertible foreign currency for services rendered through such capital goods. The changes also adjust licence terms, allow group companies to fulfil export obligations on behalf of related firms, permit specified rupee-denominated receipts for port-handling providers to count in certain cases, and require installation/use certification for capital goods within prescribed periods.
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Provisions expressly mentioned in the judgment/order text.
Export obligation redefined to include manufacturing with imported capital goods and specified foreign currency service receipts.
Amendments redefine export obligation across multiple customs exemption notifications to include export of products manufactured with imported, assembled or manufactured capital goods and exports referenced in the Commerce Ministry notification dated 28th January, 2004; for service providers, export obligation includes receipt of payment in freely convertible foreign currency for services rendered through such capital goods. The changes also adjust licence terms, allow group companies to fulfil export obligations on behalf of related firms, permit specified rupee-denominated receipts for port-handling providers to count in certain cases, and require installation/use certification for capital goods within prescribed periods.
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