4.7.6

Undertaking

a) In such cases, where norms are not finalised by NC within four months from authorisation issue date, norms as applied for shall be treated as final and no adjustment will be made. However, where application for fixation of adhoc norms/ SION is rejected on account of non-furnishing of required documents/ information, authorisation holder shall be liable for penalty as stated in above paragraph. In case SION for the said product is notified, SION would be made applicable for deciding wastage norm and EO.

b) In such cases where export obligation is completed pending fixation of norms by NC, entitlement for authorisation as given in paragraph 4.7.1(a) may be re-credited upon production of documentary evidence (copies of Shipping bill / bill of export / Central Excise certified copies of invoices) showing fulfillment of export obligation in respect of previous authorisations. However, bond waiver / redemption shall not be allowed pending fixation of norms in such cases.