Option to close cases of default in Export Obligation (EO)

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..... ort Obligation (EO) Notification No. 46/2013-Customs dated 26.9.2013 1. The Ministry has issued Notification No. 46/2013-Customs dated 26.9.2013 to amend 36 Customs notifications pertaining to Advance License/DEEC/ Advance Authorization/DFIA/ EPCG relating to the Policy periods from 1992-1997 to 2004-2009. This is to implement the Public Notice No. 22 (RE-2013)/2009-2014 dated 12.8.13 no .....

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..... mporter shall not exceed the amount of duty if such regularization has been dealt in terms of said Public Notice of DGFT. No other change is involved. 3. It may be noted that the cases where export obligation period is yet to be over, are not covered under the Option. Also, normally no refund is envisaged to arise on account of choosing the Option. However, there may be cases of calculation mis .....

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