Para 4.7.5
- Document type
- Procedure
- Reference no.
- 04
- Dated
Licence in Excess of Entitlement
Licence in Excess of Entitlement 4.7.5
The applicant shall give an undertaking that he shall abide by the norms fixed by ALC and accordingly pay duty, together with 15% interest, on the unutilised inputs as per norms fixed by ALC. However the licencee has the option to undertake additional export obligation in proportion to the excess unutilized inputs.
The applicant shall give an undertaking that he shall abide by the norms fixed by ALC and accordingly pay duty, together with 15% interest, on the unutilised inputs as per norms fixed by ALC. However the licencee has the option to undertake additional export obligation in proportion to the excess unutilized inputs.