Import of Sugar – EO period extended
AS per para 4.22.1 of the HOP,
Where raw sugar has been imported between 21.09.04 and 15.4.08, but the export obligation is yet to be fulfilled, the export obligation period stands automatically extended upto 31.12.2009 without payment of composition fee. Against these Advance Authorisations / licences, no further EO extension shall be allowed beyond 31.12.2009.
Now this para is amended to read as,
“For the Advance Authorisation (erstwhile licences) where raw sugar has been imported between 21.09.04 and 15.4.08, but the export obligation is yet to be fulfilled, the export obligation period stands automatically extended upto 31.03.2011 without payment of composition fee. Advance licence / authorisation holder has the option to pay the customs duty as applicable, on the date of import for the quantity of import proportionate to unfulfilled E.O. and get the case regularized accordingly.”
DGFT Public Notice No. 29/2009-14, Dated : January 7, 2010