Export obligation advance lics
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2012
Sir,
We completed our export obligation in terms of Qty but as per value addition 15 % it is remain 900000 Rs. but qty is 0 can we export more against of this lics for completing our Export Obligation 9L.
We completed our export obligation in terms of Qty but as per value addition 15 % it is remain 900000 Rs. but qty is 0 can we export more against of this lics for completing our Export Obligation 9L.
RAMESH KUMAR VERMA
(Expert)
03 January 2012
the export obligation fulfilled in respect of aforesaid Advance licence is 100% qty. wise and value wise is zero within valid EO period, accordingly it PRC e Committee decided to revalidate the aforesaid advance licence for a period of six months from the date of communication of the decision of PRC, subject to payment of composition fee @ 1% of the unutilized cif value of the licence and also subject to verification by RA of EO fulfillment status, as claimed by the firm.
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