Para 4.24
(NO CHANGES)
4.24
The licensing authority, with whom the Undertaking is executed by
the Advance Licence holder, shall maintain a proper record in a master register
indicating the starting and closing dates of obligation period and other
particulars to monitor the export obligation. Within two months from the date of
expiry of the period of obligation, the licence holder shall submit requisite
evidence in discharge of the export obligation in accordance with paragraph 4.25
of the Handbook. However, in respect of shipments where six months period for
realisation of foreign exchange has not become due, the licensing authority
shall not take action for non submission of bank certificate of exports and
realisation provided the other document substantiating fulfillment of EO have
been furnished.
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