Export Obligation Period for Raw Sugar Advance Authorisation Extended upto 31
Dec 2011 – CBEC Clarification
I am directed to invite your
attention to the above-mentioned subject and to say that, a reference was
received from the Ministry of Agriculture Food & Public Distribution to
consider extension of export obligation period for those Advance License
Holders who had imported raw sugar between 21.9.2004
and 15.4.2008 but had not yet fulfilled their export obligations.
2. The reference was examined. The Cabinet
Committee on Economic Affairs has decided that, the Advance Authorization
Holder will be permitted to exercise either of the following options as he
chooses in respect of pending unfulfilled export obligations:-
(a) Further extension of time upto 31.12.2011
for export without payment of composition fees.
OR
(b) Abolition of export obligation for past imports provided the
importer pays the customs duties as applicable during the relevant period on
normal imports, on the quantity of unfulfilled export obligation.
3. Accordingly, it is clarified that the Advance Authorization
Holders who have imported raw sugar between 21.9.04 to 15.4.08 shall be allowed
to avail either of the options stated at para 2 above. Director General Foreign
Trade has issued Public Notice No. 29/2009-14, dated 7.1.2010 in this regard.
4. These instructions may be brought to the
notice of the trade / exporters by issuing suitable Trade / Public Notices.
Suitable Standing orders/instructions may be issued for the guidance of the
assessing officers. Difficulties faced, if any, in implementation of the
Circular may please be brought to the notice of the Board at an early date.
[F.NO.605/3/2009-DBK]