IN FORCE Policy Relaxation Committee Advance Authorisation 2009-10-23

DGFT Committee Minutes

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F.No.  01/94/180/ 395 /AM10/PC­ 4/1148 Government of India Ministry of Commerce & Industry Office of the Directorate General of Foreign Trade (EFGC/ PRC Div)            *****  Dated  23rd March , 2010                                               CORRIGENDUM

Subject:­  Correction/amendment in PRC Meeting No. 05/10 held

                on   23.10.2009 under the Chairmanship of D.G.F.T.                 The undersigned is directed to refer to Minutes of the PRC Meeting No. 05/10 held on 23.10.2009, under the Chairmanship of Shri R.S. Gujral, Director General of  Foreign Trade and to intimate that while recording the minutes for Case at S.No. 55 of  M/s. M/s. Kancor Ingredients Ltd., Ernakulam., an error was erupted inadvertently  and the same may be read as under:­               From                 To Committee noted that though export obligation quantity  wise  against  the  two  advance authorization  Nos.  1010026663  dt.6.6.07  and 1010026702  dt.11.6.07  had  been  fulfilled,  but there  was  shortfall  value  wise.  Committee accordingly  allowed  EOP  extension  against these two authorizations till 29.10.2006 for the purpose of clubbing with the other two advance authorization Nos. 1010025649 dt.14.2.07 and 1010022430  dt.21.12.05  subject  to  payment applicable composition fee, if any as per policy @  of  6%  of  the  duty  saved  amount  in proportion  to  balance  export  obligation  and subject to  verification by RA  of  EO  fulfillment status,  within  the  export  obligation  period  as claimed by the firm. EOP  extension  allowed  against  the  two advance  authorization  Nos.  1010026663 dt.6.6.07 and 1010026702 dt.11.6.07 be read as 29.10.2007 instead of  29.10.2006,               This issues with the approval of D.G.                                                                                                          Sd/­                                                                                                      (S.S. Sah)                                                                Dy. Director General of Foreign Trade                                                                For Director  General of Foreign Trade

To All concerned.

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