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TMI Blog2003 (5) TMI 311X X X X Extracts X X X X X X X X Extracts X X X X ..... Co. Ltd. had obtained Advance License No. 2088802, dated 19-8-1983 for import of 252.5 MT of Polyester Filament Fiber for fob value of Rs. 32.19 lakh from the office of then Joint Chief Controller of Imports Exports, Bombay. Subsequently, the item of import was reduced 174.8 MT and proportionate reduction in the CIF value of Rs. 24.1 lakhs was effected simultaneously. An Export Obligation for f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ating Order with instructions that the party should appear before Addl. DG on 1-1-1997 and be given an opportunity for hearing. The Appellate Committee further observed that the order of the learned Adjudicating Authority contained some disturbing features not in tune with the principle of natural justice. 2. In obedience of the directions of Appellate Committee Cell, and based on further detail ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... completed its export obligation to the tune of 77.75% in quantity terms and realised foreign exchange of Rs. 1.07 crores against stipulated requirement of Rs. 50.94 lakhs. There has been a shortfall of 33.9 MT in EO in quantity terms while value realisation has far exceeded from what was originally prescribed in the license. On 24-4-1996 Public Notice No. 79(RE) 98/06-97-2002 (sic) was issued to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arisation is extended under Public Notice they are in a position to make up the 23% shortfall in quantity. However, para (vi) of this Public Notice states that in respect of Advance Licenses where Adjudication Orders have already been initiated or made, no such extension will be allowed. Since in this case an Interim Adjudication Order has already been passed, technically the benefits from this Pu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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