Onetime relaxation for EO extension and clubbing of Advance Authorsations – reg.

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....ng of Advance Authorsations - reg. In exercise of powers conferred under Para 2.04 and 2.58 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade on recommendation of Policy Relaxation Committee (PRC), in public interest, hereby makes the following one time relaxations in the provisions of extension of export obligation period and clubbing of....

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.... be permitted in respect of Authorisations where misrepresentation / fraud have come to the notice of RA. Further, no clubbing of Authorisations, where EODC/redemption letter has already been issued or adjudication orders have already been passed by RA/Customs Authority, shall be permitted. 2. Extension of Export Obligation Period: Onetime relaxation is provided for extending Export Ob....

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.... months shall be regularized on payment of composition fees as follows: i. @ 0.5% per month of FOB value of exports made after 36 months but within 42 months ii. @ 1% per month of FOB value of exports made after 42 months but within 48 months c. For Authorisations issued under Policy circular No-9 dated 30.6.2003 or inputs covered under Appendix-30A of HBP 2004-09 / HBP ....

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....ing bills shall be allowed to be accounted. f. No extension in EO would be allowed in respect of Authorisations where misrepresentation / fraud have come to the notice of RA. Further, no extension of Authorisations, where adjudication orders have already been passed by RA/Customs Authority, shall be permitted. Effect of this Public Notice: One time relaxation is provided for C....