https://www.taxtmi.com/circulars?id=3164 One-time arrangements allow limited extensions of export obligation periods for Advance Licences to regularise bonafide defaults: Quantity Based licences with exports partly outside the obligation period may be regularised on payment of a composition fee on the F.O.B. value falling outside the period; licences with at least half obligation fulfilled may receive a final one-time extension on payment of a composition fee on the unfulfilled F.O.B. value, with yearly reckoning from expiry. Extensions are denied for cases involving fraud, enforcement action, or adjudication; Regional Licensing Authorities grant extensions upon prescribed submissions. en-us Fri, 24 Apr 1998 00:00:00 +0530 Thu, 11 Jun 2009 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3164 One-time arrangements allow limited extensions of export obligation periods for Advance Licences to regularise bonafide defaults: Quantity Based licences with exports partly outside the obligation period may be regularised on payment of a composition fee on the F.O.B. value falling outside the period; licences with at least half obligation fulfilled may receive a final one-time extension on payment of a composition fee on the unfulfilled F.O.B. value, with yearly reckoning from expiry. Extensions are denied for cases involving fraud, enforcement action, or adjudication; Regional Licensing Authorities grant extensions upon prescribed submissions. Circulars DGFT Fri, 24 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3164