Last date of export against advance licence
This query is : Resolved
PARDEEP SINGH
(Querist)
24 February 2017
This Query is in reference to the our Advance Licence which was issued to us on 09th September 2015.
As per the condition of this Advance Licence, first we have to import and then export to discharge its export obligation within the time frame of 90 days from the date of filing Import Bill of entry. Since it is the new business thus we had very few orders of export resulted that we could not use the advance licence for the complete first year till 9th September 2016.
Therefore we applied for the extension of this Advance Licence for another six month till 08th March 2017 and was allowed too by DGFT, as per the attached extension letter.
Now considering the future forecast of export orders, we had imported against Advance licence with the quantity of 50 MT and filed its Bill of entry on 16th January 2017.
Hence kindly advise us THE LAST DATE OF EXPORT, wherein we can discharge our export obligation, as the last date of this Advance Licence is 08th March 2017 after the above said extension.
Waiting for your earlier reply.
As per the condition of this Advance Licence, first we have to import and then export to discharge its export obligation within the time frame of 90 days from the date of filing Import Bill of entry. Since it is the new business thus we had very few orders of export resulted that we could not use the advance licence for the complete first year till 9th September 2016.
Therefore we applied for the extension of this Advance Licence for another six month till 08th March 2017 and was allowed too by DGFT, as per the attached extension letter.
Now considering the future forecast of export orders, we had imported against Advance licence with the quantity of 50 MT and filed its Bill of entry on 16th January 2017.
Hence kindly advise us THE LAST DATE OF EXPORT, wherein we can discharge our export obligation, as the last date of this Advance Licence is 08th March 2017 after the above said extension.
Waiting for your earlier reply.
Dr.RAMAKRISHNA. C
(Expert)
03 March 2017
You have to discharge export obligation on or before 08 March 201. Otherwise you have to approach Policy Relaxation Committee (PRC) supported by cogent reasons provided you have fulfilled at least 50% of export obligation.
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