https://www.taxtmi.com/notifications?id=1548 For licences with a CIF value not less than Rs.100 crores, the Export Obligation is restructured into a 12 year timeline in four blocks (first five years nil; next three years 15%; next two years 35%; final two years 50%), with excess exports in earlier blocks set off against later shortfalls. Licensing authorities may grant extensions of block wise, year wise or overall fulfilment periods up to two years and condone shortfalls up to five percent; however, overall period extension is not permitted for licences meeting the high value CIF threshold. en-us Wed, 24 Apr 2002 00:00:00 +0530 Wed, 07 May 2008 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=1548 For licences with a CIF value not less than Rs.100 crores, the Export Obligation is restructured into a 12 year timeline in four blocks (first five years nil; next three years 15%; next two years 35%; final two years 50%), with excess exports in earlier blocks set off against later shortfalls. Licensing authorities may grant extensions of block wise, year wise or overall fulfilment periods up to two years and condone shortfalls up to five percent; however, overall period extension is not permitted for licences meeting the high value CIF threshold. Notifications Customs Wed, 24 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/notifications?id=1548