Correction/amendment in case no. 4 of PRC Meeting No. 39/AM13 held on 12.02.2013 under the Chairmanship of D.G.F.T.
F.No. 01/60/162/363/AM12/EFGC(PRC)/31&32 Government of India Ministry of Commerce & Industry Office of the Directorate General of Foreign Trade (EFGC/ PRC Div) Dated 17th April, 2013 CORRIGENDUM Subject: Correction/amendment in case no. 4 of PRC Meeting No. 39/AM13 held on 12.02.2013 under the Chairmanship of D.G.F.T. The undersigned is directed to refer to Minutes of the PRC Meeting No. 39/AM13 held on 12.02.2012, under the Chairmanship of Dr. A.K. Pujari, Director General of Foreign Trade. After review of the decision taken in respect of Case no. 3 in the said meeting, it has been decided with the approval of the competent authority, to modify the aforesaid decision as follows: As in the PRC minutes Modified version of PRC minutes
Case No.4. M/s Digvijay Exports, Bangalore.
F.No. 01/60/162/363/AM13/EFGC (PRC) PRC Meeting No. 39/AM13 dated: 12.02.2013
Subject: Request for EOP extension of DFIA No.
0710065568 dt. 24.6.2009 After deliberating the case in length the following decisions were taken: i) Export obligation period is extended for 3 months from the date of endorsement or upto 30.5.2013 which ever is earlier. ii) This is subject to payment of composition fee @ 0.5% on unfulfilled FOB value of exports and minimum value addition of 15% as prescribed under para 4.1.6 of FTP. iii) This is further subject to verification by RA that EO as claimed to have been fulfilled is more than 50% within the valid EOP. iv) The applicant is advised to submit the licence for endorsement to RA as early as possible. v) RA shall take action against the party under Rule 7 read with Rule 14 of FT(Regulation) Rules, 1993 if statement of more than 50% of exports (even if prorata) already made is found to be false/incorrect. (Action : RA Bangalore)
Case No.4. M/s Digvijay Exports, Bangalore.
F.No. 01/60/162/363/AM13/EFGC (PRC) PRC Meeting No. 39/AM13 dated: 12.02.2013
Subject: Request for EOP extension of DFIA
No. 0710065568 dt. 24.6.2009 After deliberating the case in length the following decisions were taken: i) Export obligation period is extended for 3 months from the date of endorsement or upto 31.7.2013 which ever is earlier. ii) This is subject to payment of composition fee @ 0.5% on unfulfilled FOB value of exports and minimum value addition of 20% as prescribed under para 4.1.6 of FTP. iii) This is further subject to verification by RA that EO as claimed to have been fulfilled is more than 50% within the valid EOP. iv) The applicant is advised to submit the licence for endorsement to RA as early as possible. v) RA shall take action against the party under Rule 7 read with Rule 14 of FT(Regulation) Rules, 1993 if statement of more than 50% of exports (even if prorata) already made is found to be false/incorrect. (Action : RA Bangalore)
(Sonika Khattar) Foreign Trade Development Officer For Director General of Foreign Trade To 1. The Jt. DGFT, Surat 2. M/s. Digvijay Exports, Bangalore
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