5.8.1 to 5.8.3
- Document type
- Procedure
- Dated
Condition for Fulfilment of Export Obligation
Condition for Fulfilment of Export Obligation
5.8.1
In respect of Authorisations, on which the value of duty saved is Rs.100 crore or more, the export obligation shall be fulfilled over a period of 12 years in the following proportion:-
5.8.2
However, the export obligation of a particular block of year may be set off by the excess exports made in the preceding block of year. The Authorisation holder would intimate the regional authority on the fulfillment of the export obligation as well as average exports within three months of completion of the block, by secured electronic filing using digital signatures.
5.8.3
Where export obligation of any particular block of years is not fulfilled in terms of the above proportions, except in such cases where the export obligation prescribed for a particular block of year is extended by the competent authority, such Authorisation holder shall, within 3 months from the expiry of the block of years, pay duties of customs (alongwith applicable interest as notified by DoR) of an amount equal to that proportion of the duty leviable on the goods which bears the same proportion as the unfulfilled portion of the export obligation bears to the total export obligation.
(Above Paras 5.8.1 to 5.8.3 has been amended vide PN. NO. 54/2007, DT. 01/10/2007)
[OLD- 5.8.1 to 5.8.3
Deleted.]
5.8.1
In respect of Authorisations, on which the value of duty saved is Rs.100 crore or more, the export obligation shall be fulfilled over a period of 12 years in the following proportion:-
| Period from the date of issue of Authorisation | Minimum export obligation to be fulfilled |
| Block of 1st to 10th year | 50% |
| Block of 11th and 12th year | 50% |
5.8.2
However, the export obligation of a particular block of year may be set off by the excess exports made in the preceding block of year. The Authorisation holder would intimate the regional authority on the fulfillment of the export obligation as well as average exports within three months of completion of the block, by secured electronic filing using digital signatures.
5.8.3
Where export obligation of any particular block of years is not fulfilled in terms of the above proportions, except in such cases where the export obligation prescribed for a particular block of year is extended by the competent authority, such Authorisation holder shall, within 3 months from the expiry of the block of years, pay duties of customs (alongwith applicable interest as notified by DoR) of an amount equal to that proportion of the duty leviable on the goods which bears the same proportion as the unfulfilled portion of the export obligation bears to the total export obligation.
(Above Paras 5.8.1 to 5.8.3 has been amended vide PN. NO. 54/2007, DT. 01/10/2007)
[OLD- 5.8.1 to 5.8.3
Deleted.]