Para 8.19
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 ( upto 31/03/2002)
Extension of Export Obligation Period
8.19 The Licensing Authority may grant extension in export obligation period for a period of four months against one or more consignment / sight on payment of penalty of 1% on the unfulfilled FOB value of Export obligation with reference to CIF value of the imports made for which extension is being sought. Any request for extension beyond a period of four months can be considered only by a Committee headed by the Director General of Foreign Trade.