https://www.taxtmi.com/circulars?id=2305 Where shortfall under a Value Based Advance Licence does not exceed 15%, grant pro rata reduction without converting to a Quantity Based Advance Licence by taking the lesser percentage fulfillment of quantity or value to reduce CIF entitlement; if CIF utilised exceeds the reduced CIF, compute duty benefit availed, determine entitlement on the reduced CIF and recover the balance duty with 24% interest and SIL. Sensitive items limited to actual exported quantities. Adjudicated cases are not re opened. en-us Fri, 22 Sep 2000 00:00:00 +0530 Mon, 02 Mar 2009 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2305 Where shortfall under a Value Based Advance Licence does not exceed 15%, grant pro rata reduction without converting to a Quantity Based Advance Licence by taking the lesser percentage fulfillment of quantity or value to reduce CIF entitlement; if CIF utilised exceeds the reduced CIF, compute duty benefit availed, determine entitlement on the reduced CIF and recover the balance duty with 24% interest and SIL. Sensitive items limited to actual exported quantities. Adjudicated cases are not re opened. Circulars DGFT Fri, 22 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2305