Provisional clearance in anticipation of E.O Extension under Advance Licence

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.... Subject: Regularisation of exports on the basis of Customs assessment of goods. (i) Provisional clearance in anticipation of E.O Extension under Advance Licence. (ii) Regularisation of exports on the basis of Customs assessment of goods. 1) It has come to notice that certain firms are facing impediments in clearance of export consignments on account of expiry of the initial E.O. perio....

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....ns of the Exim Policy/ Handbook of Procedures (Vol 1) to permit E.O. extension upto 30 months from the date of issuance of the licence. 2) Certain instances of difficulties faced in the redemption/ regularization of Advance Licence have been brought to notice especially in instances of amendment in the product description in DEEC (Exports) during logging by the Customs authorities, variance in ....