Similarly, in such cases where the goods are handed over to the customs authorities before the expiry of the export obligation period but actual exports takes place after expiry of the export obligation period, such exports shall be considered within the export obligation period and taken towards fulfilment of export obligation.
After considering the above stated requests, in exercise of powers conferred under Paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India Extra-ordinary, Part – II, Section – 3 – Sub-section (ii) vide S.O. No. 283 (E) dated 31.3.1997, the Director General of Foreign Trade hereby notify the following arrangement.
SEBI shall be monitoring the quality and promptness of submission of data. Custodians are advised to strictly adhere to the above deadline of 3.00 p.m. as SEBI shall be imposing penalty on defaulting custodians.
If a standalone EOU/EPZ unit wish to debond under EPCG scheme, there shall be no export obligation for maintenance of the average the only such an obligation under EPCG scheme on a standalone unit shall be imposed which may be equivalent to 6 times or 8 times of the depreciated value, as the case may be, depending upon the scheme in which the unit opts for debonding.
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,1992 (No.22 of 1992) read with paragraph 4.11 of the Export and Import Policy,1997-2002, the Central Government hereby makes the following amendments.
Instances have been reported to the Board by field formations where the provisional duty determined on import of goods is beingn debited in DEPB scrips. At the time of finalisation of assessment, the final duty payable may be more or less than the duty which was provisionally assessed. In cases where the final duty is more than the provisional duty, the differential duty is paid by the importer
