4.22

Export Obligation (EO) Period and its Extension

(a) Fulfillment Period of EO under an Advance Authorisation shall commence from Authorisation issue date, unless otherwise specified. EO shall be fulfilled within 18 months except in case of supplies to projects / turnkey projects in India / abroad under deemed exports category where EO must be fulfilled during contracted duration.

(b) RA may consider a request of Advance Authorisation holder for one extension of EO upto six months from the EO expiry date subject to payment of composition fee of 0.5% of the shortfall in EO.

(c) EO period for Advance Authorizations issued with input (s) as mentioned in Appendix 30A shall be as per the period stipulated against each entry therein. Facility of extension of EOP shall not be allowed in cases of Advance Authorisations issued for these inputs or transferable DFIA. RA shall make an endorsement in Advance Authorisation to this effect. However, Regional Authority may grant extension of the Export Obligation Period beyond six months on case to case basis after ensuring the conformity of imported tea kept in stock for its re-export to the standard of quality of tea stipulated in the Tea (Distribution and Export) Control Order, 2005.