5.10
- Document type
- Procedure
- Dated
Monitoring of Export Obligation
5.10
If the Authorisation issued under the scheme has actually been utilized for import of a value in excess of 10% of the CIF value/ duty saved amount of the Authorisation, Authorisation shall be deemed to have been enhanced by that proportion. The Customs shall automatically allow the clearance of goods in excess upto 10% of the Authorisation value/duty saved amount without endorsement by the Regional authority.
In such cases, the Authorisation holder shall furnish additional fee to cover the excess imports effected in terms of CIF value/ duty saved amount to the Regional authority within one month of the excess imports taking place. The export obligation shall automatically stand enhanced proportionately.
If the Authorisation issued under the scheme has actually been utilized for import of a value in excess of 10% of the CIF value/ duty saved amount of the Authorisation, Authorisation shall be deemed to have been enhanced by that proportion. The Customs shall automatically allow the clearance of goods in excess upto 10% of the Authorisation value/duty saved amount without endorsement by the Regional authority.
In such cases, the Authorisation holder shall furnish additional fee to cover the excess imports effected in terms of CIF value/ duty saved amount to the Regional authority within one month of the excess imports taking place. The export obligation shall automatically stand enhanced proportionately.