Automatic Reduction /Enhancement upto 10% of CIF value and Prorata Reduction / Enhancement in Export Obligation

5.10

If authorization issued has actually been utilized for import of a value in excess upto 10% of CIF value / duty saved amount of authorization, authorization shall be deemed to have been enhanced by that proportion. Customs shall automatically allow clearance of goods in excess upto 10% of authorization value /duty saved amount without endorsement by concerned RA.

In such cases, authorization holder shall furnish additional fee to cover excess imports effected in terms of CIF value / duty saved amount to RA concerned within one month of excess imports taking place. Export obligation shall automatically stand enhanced proportionately.