https://www.taxtmi.com/forum/issue?id=106972 If an Advance Authorization meets export obligation by value but is short in quantity, the Regional Authority may regularize the bona fide default only if the holder pays customs duty on the unutilized value with interest (or furnishes valid duty credit scrips), remits a prescribed percentage of the CIF value of unutilized imported material via treasury receipt to the designated head account, and obtains a separate authorization for excess imported input; this regularization is not required where the unutilized material was freely importable on import date. en-us Tue, 01 Jul 2014 13:50:40 +0530 Thu, 23 Jan 2025 15:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106972 If an Advance Authorization meets export obligation by value but is short in quantity, the Regional Authority may regularize the bona fide default only if the holder pays customs duty on the unutilized value with interest (or furnishes valid duty credit scrips), remits a prescribed percentage of the CIF value of unutilized imported material via treasury receipt to the designated head account, and obtains a separate authorization for excess imported input; this regularization is not required where the unutilized material was freely importable on import date. Discussion-Forum Customs Tue, 01 Jul 2014 13:50:40 +0530 https://www.taxtmi.com/forum/issue?id=106972