https://www.taxtmi.com/circulars?id=4076 Interest on unutilised imports under Advance Authorisation becomes due only when excess import occurs, and where multiple import dates exist with partial failure to meet export obligation, the surplus is treated as the later consignments. The applicable date for interest calculation is the date of clearance of the last imports that remain unutilised, unless a specific correlation between imports and exports is established. en-us Thu, 26 Jul 2007 00:00:00 +0530 Fri, 11 Jan 2008 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4076 Interest on unutilised imports under Advance Authorisation becomes due only when excess import occurs, and where multiple import dates exist with partial failure to meet export obligation, the surplus is treated as the later consignments. The applicable date for interest calculation is the date of clearance of the last imports that remain unutilised, unless a specific correlation between imports and exports is established. Circulars Customs Thu, 26 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4076