4.22.1
- Document type
- Procedure
- Dated
Export Obligation Period and its Extension
4.22.1
The request for extension in export obligation period may be made in the form given in Aayaat Niryaat Form. The Regional Authority shall grant one extension for a period of six months from the date of expiry of the original export obligation period to the authorisation holder subject to payment of composition fee of 2% of the duty saved on all the unutilized imported items as per authorisation.
Request for a further extension of six months may be considered by the Regional Authorities subject to payment of composition fee of 5% of the duty saved on all the unutilized imported items as per authorisation.
For all the cases of export obligation extension above, the composition fee on the duty saved on all the unutilized imported items would be computed with reference to the actual exports and imports made by the Authorisation holder.
However, the facility of extension of export obligation period shall not be allowed in case of Advance Authorisation wherein import of penicillin and its salts (ITC(HS) Code No. 29411010) and 6-APA (ITC(HS) Code No. 29411 050) have been allowed as an input. The Regional Authority shall make an endorsement in the Advance Authorisation to this effect.
However, such extensions would not be permitted in the case of the erstwhile Value Based Advance licences (VABALs) . Additionally, no extension in export obligation would be allowed in respect of authorisations where misrepresentation/ fraud has come to the notice of the Regional Authorities. Further, in respect of authorisations/licences where adjudication orders have already been passed, no extension in export obligation period shall be admissible.
The request for extension in export obligation period may be made in the form given in Aayaat Niryaat Form. The Regional Authority shall grant one extension for a period of six months from the date of expiry of the original export obligation period to the authorisation holder subject to payment of composition fee of 2% of the duty saved on all the unutilized imported items as per authorisation.
Request for a further extension of six months may be considered by the Regional Authorities subject to payment of composition fee of 5% of the duty saved on all the unutilized imported items as per authorisation.
For all the cases of export obligation extension above, the composition fee on the duty saved on all the unutilized imported items would be computed with reference to the actual exports and imports made by the Authorisation holder.
However, the facility of extension of export obligation period shall not be allowed in case of Advance Authorisation wherein import of penicillin and its salts (ITC(HS) Code No. 29411010) and 6-APA (ITC(HS) Code No. 29411 050) have been allowed as an input. The Regional Authority shall make an endorsement in the Advance Authorisation to this effect.
However, such extensions would not be permitted in the case of the erstwhile Value Based Advance licences (VABALs) . Additionally, no extension in export obligation would be allowed in respect of authorisations where misrepresentation/ fraud has come to the notice of the Regional Authorities. Further, in respect of authorisations/licences where adjudication orders have already been passed, no extension in export obligation period shall be admissible.