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.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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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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