Export obligation
This query is : Resolved
10 February 2014
Sir, One of my client has got DFIA, enlisting various items that could be imported duty free and export obligation to be completed in quantity and value. He has imported goods less than entitlement. He has completed less export than stated in DFIA. My qyery is that: Can the export obligation be reduced proportionate to actual import made? Pls give supporting notification /case law etc. Many thanks in advance. Need urgent, as I have to give CA Certi for redemption of DFIA.
13 February 2014
Dear Hitesh,
You can apply for prorata reduction in CIF value of Import and FOB value of export in terms of para 4.21 of handbook of procedures volume-1. You are also requested to refer DGFT Public Notice No.15/2009-14 Dtd.27.10.2009
You can apply for prorata reduction in CIF value of Import and FOB value of export in terms of para 4.21 of handbook of procedures volume-1. You are also requested to refer DGFT Public Notice No.15/2009-14 Dtd.27.10.2009
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