Monitoring of Obligation

4.24

The Regional Authority, with whom the Undertaking is executed by the Advance Authorisation holder, shall maintain a proper record in a master register indicating the starting and closing dates of obligation period and other particulars to monitor the export obligation.

Within two months from the date of expiry of the period of obligation, the authorisation holder shall submit requisite evidence in discharge of the export obligation in accordance with paragraph 4.25 of the Handbook.

However, in respect of shipments where six months period (one year in case of status certificate holder) for realisation of foreign exchange has not become due, the Regional Authority shall not take action for non submission of bank certificate of exports and realisation provided the other document substantiating fulfillment of Export Obligation have been furnished.