Export obligation automatically extended when ban is imposed on exports
The DGFT has amended the HOP of the FTP to stipulate that
“Whenever a ban / restriction is imposed on export of any product, export obligation period in respect of advance authorisation already issued prior to imposition of ban, would stand automatically extended for a period equivalent to the duration of ban, without any composition fee”.
DGFT Public Notice No. 22 (RE-2008) /2004-09, Dated: June 2, 2008