4.7.6

In such cases, where the norms are not finalised by NC within four months from the date of issuance of authorisation, the norms as applied for shall be treated as final and no adjustment will be made. However, where the application for fixation of adhoc/ SION is rejected on account of non-furnishing of required documents/ information, the authorisation holder shall be liable for penalty as stated in the above paragraph. In case SION for the said product is notified, the SION would be made applicable for the purpose of deciding the wastage norm and export obligation.

In such cases where the export obligation is completed pending fixation of norms by NC, the entitlement for the authorisation as given in paragraph 4.7.1 may be re-credited upon production of documentary evidence (copies of Shipping bill/ bill of export /Central Excise certified copies of invoices) showing fulfillment of export obligation in respect of the previous authorisations. However, bond waiver/ redemption shall not be allowed pending fixation of norms in such cases.