Para 8.20
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 ( upto 31/03/2002)
Regularisation of Bonafide Default
8.20 The cases of bonafide default in fulfillment of export obligation of not more than 5% by a Diamond Imprest Licence holder may be regularised if the licence holder pays to the licensing authority, a sum in Rupees which is equivalent to the shortfall in export obligation expressed in free foreign exchange. Alternatively, the Diamond Imprest Licence holder may surrender to the licensing authority REP licences of the product category at Sl.no. 2.1 to 2.5 of Appendix-30A of a value equivalent to twice the amount of shortfall in export obligation expressed in free foreign exchange.