Onetime relaxation for EO extension and clubbing of Advance Authorisations

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..... of Advance Authorisations. Attention of Trade Industry is invited to Public Notice No.34 dated 24.10.2017 relating to advance authorizations. 1. Facility of Clubbing of Advance Licences/Authorisations: Onetime relaxation of Para 4.38(i) of Handbook of Procedures 2015-2020 , for clubbing of Advance licenses/Authorisations issued under Foreign Trade Policy 2002-2007 and 2004-09 i .....

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..... all be permitted. 2. Extension of Export Obligation Period: Onetime relaxation is provided for extending Export Obligation (EO) period subject to the conditions specified below. Exports made under Advance Licences/ Authorisations issued under Foreign Trade Policy 2002-07, Foreign Trade Policy 2004-2009 and Advance authorisations issued prior to 5.6.2012 under Foreign Trade Policy 2009 .....

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..... circular No-9 dated 30.6.2003 or inputs covered under Appendix-30A of HBP 2004-09 1 HBP 2009-14: Extension of export obligation period can be granted for a period equivalent to half of the stipulated initial export obligation period on payment of composition fee as follows: i. @0.5% per month of FOB if exports made within initial export obligation period is more than 50% of stipulated EO. i .....

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