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.
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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