Extension in export obligation period in respect of Advance licence

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....licy, 1997-2002, as notified in the Gazette of India extraordinary, Part-II- Section 3 - Sub- section (ii) vide S.O No. 283(E) dated 31.3.97, the Director General of Foreign Trade hereby lays down the following guidelines for extension in export obligation period in respect of Advance Licences for physical exports. 1. In respect of Advance Licences for physical exports issued on or after 1.4.97....

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....le for LUT facility being status holders or otherwise. 2. The request for extension shall be filed with the concerned licensing authority within a period of 60 days from the date of the Public Notice. The licensing authority, which originally issued the licence, shall be competent to grant extension in export obligation period. In cases where BG/Bond has been initially executed with the Customs....

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....ll be allowed in respect of the licences where misrepresentation/fraud has come to the notice of the licensing authorities. Further, in respect of licences where adjudicating orders have already been passed, no extension in export obligation period shall be admissible. 5. In such cases where the licence holder has not availed the facility accorded under this Public Notice, adjudication proceedi....