Export Obligation Period – DGFT amends HOP
As per para 2.22 of the HOP, “ Fulfillment Period of EO under an Advance Authorisation shall commence from Authorisation issue date.”; Now this is changed to, “Fulfillment period of EO under Advance Authorisation shall commence from Authorisation issue date, unless otherwise specified.”
The following condition is deleted,
“Facility of extension of EOP shall not be allowed in case of Advance Authorisation wherein import of penicillin and its salts (ITC( HS) Code No.29411010 ) and 6- APA (ITC(HS) Code No.29411050) have been allowed as an input and also for import of spices and tea. RA shall make an endorsement in Advance Authorisation to this effect.”
New Export Obligation Period is fixed for Spices, Drugs, Pencillin, Tea and Coconut Oil.
A new Appendix 30A is added in the HBP v1.
DGFT Public Notice NO. 135 (RE-2008)/2004-2009 Dated: January 15, 2009