This amendment modifies provisions regarding unutilized duty-free imported materials under Advance...

This amendment modifies provisions regarding unutilized duty-free imported materials under Advance Authorizations. In case of shortfall in Export Obligation fulfillment, the Authorization holder can submit a self-declaration with Chartered Accountant's certificate on destruction of unutilized materials, accompanied by an indemnity bond, or proof of re-export as per Para 4.42, without specifying re-export to the same supplier. Exports made under any shipping bill after Export Obligation period, using unutilized drugs, shall be accepted in lieu of destruction certificate, provided the exported drug matches the authorized export item. However, applicable duties and interest must be paid on unutilized imported quantity. These changes simplify procedures, reduce compliance burden, and enhance ease of doing business. .....

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