https://www.taxtmi.com/circulars?id=3491 The notice makes Countries of Imports/Exports subject to ITC (HS) Schedule II conditionality; confirms Advance Licence and DFRC holders may obtain back to back inland LCs from banks in favour of indigenous suppliers; and revises EO extension rules to permit staged extensions on payment of composition fees calculated on the higher of two measures of unfulfilled obligation, while excluding erstwhile value based licences and licences tainted by misrepresentation, fraud or adjudication orders. en-us Thu, 09 Jan 2003 00:00:00 +0530 Fri, 28 Dec 2007 19:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3491 The notice makes Countries of Imports/Exports subject to ITC (HS) Schedule II conditionality; confirms Advance Licence and DFRC holders may obtain back to back inland LCs from banks in favour of indigenous suppliers; and revises EO extension rules to permit staged extensions on payment of composition fees calculated on the higher of two measures of unfulfilled obligation, while excluding erstwhile value based licences and licences tainted by misrepresentation, fraud or adjudication orders. Circulars DGFT Thu, 09 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3491