Sl.No.

Notification No. and Date

Amendment

(1)

(2)

(3)

1.

GSR 481(E), dated the 5^th June 1995 111/95-Customs, dated the 5^th June, 1995

In the said notification, in paragraph 2, -

1. in condition (3), for the proviso, the following provisos shall be substituted, namely: -

   "Provided that where the CIF value of licence is not less than Rs.100crores, the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence in the following proportions, namely: -

   S.No. Period from the date of issue Proportion of Total

   Of Licence Export Obligation

   (1) (2) (3)

   1. Block of 1^st, 2^nd, 3^rd, 4^th and 5^th Year Nil

   2. Block of 6^th 7^th and 8^th Year 15%

   3. Block of 9^th and 10^th Year 35%

   4. Block of 11^th and 12^th Year 50%:

   Provided further that export obligation of a particular block may be set off by the excess exports made in the said preceding block(s)";

2. for condition (8), the following condition shall be substituted, namely:-

"(8) Notwithstanding anything contained in conditions (4) and (5), where the Licensing Authority grants extension of blockwise period for any block(s) or overall period of fulfilment of export obligation upto a period of two years or regularisation of shortfall in export obligation not exceeding 5 per cent of such export obligation, the said blockwise period or overall period of export obligation may be extended and the said shortfall in export obligation be condoned by the Assistant Commissioner of Customs or Deputy Commissioner of Customs;"

Provided that in respect of licence of CIF value not less than Rs.100crores, the extension of overall period of export obligation shall not be allowed.";

2.

GSR 184(E), dated the 1^st April, 1997 28/97-Customs dated the 1^st April 1997

In the said notification, for condition (6), the following condition shall be substituted, namely: -

"(6) Notwithstanding anything contained in conditions (3) and (4), where the Licensing Authority grants extension of year-wise period for any year(s) or overall period of fulfilment of export obligation upto a period of two years or regularisation of shortfall in export obligation not exceeding 5 per cent of such export obligation, the said year-wise period or overall period of export obligation may be extended and the said shortfall in export obligation be condoned by the Assistant Commissioner of Customs or Deputy Commissioner of Customs.";

3.

GSR 185(E), dated the 1^st April, 1997 29/97-Customs, dated the 1^st April, 1997

In the said notification, in paragraph 2, -

1. in condition (2), for the portion beginning with the words "Provided that export" and ending with the words "Provided further that", the following shall be substituted, namely: -

   "Provided that where the CIF value of licence is not less than Rs.100crores, the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence in the following proportions, namely: -

   S.No. Period from the date of issue Proportion of Total

   Of Licence Export Obligation

   (1) (2) (3)

   1. Block of 1^st, 2^nd, 3^rd, 4^th and 5^th Year Nil

   2. Block of 6^th 7^th and 8^th Year 15%

   3. Block of 9^th and 10^th Year 35%

   4. Block of 11^th and 12^th Year 50%:

   Provided further that export obligation of a particular block may be set off by the excess export made in the said preceding block(s):

   Provided also that.";

2. for condition (7), the following condition shall be substituted, namely, -

"(7) Notwithstanding anything contained in conditions (3) and (4), where the Licensing Authority grants extension of blockwise period for any block(s) or overall period of fulfilment of export obligation upto a period of two years or regularisation of shortfall in export obligation not exceeding 5% of such export obligation, the said blockwise period or overall period of export obligation may be extended and the said shortfall in export obligation be condoned by the Assistant Commissioner of Customs or Deputy Commissioner of Customs:

Provided that in respect of licence of CIF value not less than Rs.100crores, extension of overall period of export obligation shall not be allowed.";

4.

GSR 365(E), dated the 27th April, 2000 49/2000-Customs, dated the 27^th April, 2000

In the said notification, in paragraph 2, -

1. in condition (2),-

   for the proviso, the following provisos shall be substituted, namely:-

   "Provided that where the CIF value of licence is not less than Rs.100crores, the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence in the following proportions, namely: -

   S.No. Period from the date of issue Proportion of Total

   Of Licence Export Obligation

   (1) (2) (3)

   1. Block of 1^st, 2^nd, 3^rd, 4^th and 5^th Year Nil

   2. Block of 6^th 7^th and 8^th Year 15%

   3. Block of 9^th and 10^th Year 35%

   4. Block of 11^th and 12^th Year 50%:

   Provided further that export obligation of a particular block may be set off by the excess export made in the said preceding block(s).";

2. for condition (6), the following condition shall be substituted, namely, -

"(6) Notwithstanding anything contained in conditions (3) and (4), where the Licensing authority grants extension of blockwise period for any block(s) or overall period of fulfilment of export obligation upto a period of two years or regularisation of shortfall, in export obligation, not exceeding 5 per cent of such export obligation, the said block-wise period or overall period of export obligation may be extended and the said shortfall in export obligation be condoned by the Assistant Commissioner of Customs or Deputy Commissioner of Customs:

Provided that in respect of licence of CIF value not less than Rs.100crores, the extension of overall period of export obligation shall not be allowed.".