| Date: |
28-05-1997
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| Notification No: |
DGFT Policy Circular No 4/1997
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| Issuing Authority: |
DGFT
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| Type: |
Circular
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| File No: |
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| Subject: |
Regarding condonation of delay in filing the application for Special Import Licence
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Regarding condonation of delay in filing the application for Special
Import Licence
Policy Circular No. 4 dated 28th
May 1997
Attention
is invited to Paragraph 15.1(of Handbook of Procedures (Vol. 1), 1997-2002.
However, there was no such provision in the EXIM Policy and Procedures, 1992-97
for considering applications, which were filed after expiry of prescribed date
for submission of such applications. It has been represented by several
exporters that they could not file their claim for Special Import Licence within
time limit as prescribed in the EXIM Policy/ Procedures, 1992-97 and these
claims that were filed beyond time limit have been rejected. The matter has been
re-considered and it has been decided that such applications for Special Import
Licence may be considered provided such application for Special Import Licence
is received after the expiry of the last date for submission of such
applications but within six m9nths from the last date, Such applications may be
considered after imposing a late cut at the rate of 25% on the entitlement.
2.
This issues with the approval of DGFT/ CS.
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