NEW
Extension of Export Obligation Period
5.11
The regional licencing authority, on merits may consider
one or more request for extension in export obligation period, including
extension for year(s) or a block of year(s), for fulfilment of export obligation
subject to the condition that extension of export obligation shall not exceed a
total period of one /two year as per relevant Customs notifications from the
date of expiry of the export obligation period. The extension in export
obligation period shall be subject to such terms and conditions as may be
prescribed by the competent authority. Wherever the export obligation period is
extended, the licence holder shall be required to maintain average export
obligation during the extended period as well.
OLD
5.11
The competent authority, as mentioned in paragraph 5.3,
may consider, on merits, one or more request for extension in export obligation
period, including extension for year(s) or a block of year(s), for fulfillment
of export obligation subject to the condition that extension of export
obligation shall not exceed a total period of one /two year as per relevant
Customs notifications from the date of expiry of the export obligation period.
The extension in export obligation period shall be subject to such terms and
conditions as may be prescribed by the competent authority. Wherever the export
obligation period is extended, the licence holder shall be required to maintain
average export obligation during the extended period as well.
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