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Amendments to Various Customs Notifications
Customs Notification No. 49 dated 24th April 2002
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52
of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby
makes the following further amendments in the notifications of the Government of India in the Ministry of
Finance (Department of Revenue) specified in column (2) of the Table below in the corresponding manner as
specified in column (3) of the said Table, namely: -
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S. No.
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Notification No. and Date
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Amendment
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(1)
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(2)
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(3)
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1.
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GSR 481(E), dated the 5th June 1995 111/95-Customs, dated the 5th
June, 1995
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In the said notification, in paragraph 2, -
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.100 crores,
the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence
in the following proportions, namely: -
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S.No.
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Period from the date of issue
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Proportion of Total of Licence Export Obligation
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(1)
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(2)
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(3)
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1
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Block of 1st, 2nd, 3rd, 4th and
5th Year
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Nil
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2
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Block of 6th 7th and 8th Year
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15%
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3
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Block of 9th and 10th Year
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35%
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4
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Block of 11th and 12th Year
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50%
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Provided further that export obligation of a particular block may be set off by
the excess exports made in the said preceding block(s)";
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 block wise 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.�
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2.
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GSR 184(E), dated the 1st April, 1997 28/97-Customs dated the 1st
April 1997
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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.";
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3.
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GSR 185(E), dated the 1st April, 1997 29/97-Customs, dated the 1st
April, 1997
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In the said notification, in paragraph 2, -
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.100 crores,
the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence
in the following proportions, namely: -
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S.No.
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Period from the date of issue
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Proportion of Total of Licence Export Obligation
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(1)
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(2)
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(3)
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1
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Block of 1st, 2nd, 3rd, 4th and
5th Year
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Nil
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2
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Block of 6th 7th and 8th Year
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15%
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3
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Block of 9th and 10th Year
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35%
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4
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Block of 11th and 12th Year
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50%
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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.�
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 block wise 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 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,
extension of overall period of export obligation shall not be allowed.�
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4.
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GSR 365(E), dated the 27th April, 2000 49/2000-Customs, dated the 27th
April, 2000
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In the said notification, in paragraph 2, -
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.100 crores,
the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence
in the following proportions, namely: -
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S.No.
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Period from the date of issue
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Proportion of Total of Licence Export Obligation
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(1)
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(2)
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(3)
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1
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Block of 1st, 2nd, 3rd, 4th and
5th Year
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Nil
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2
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Block of 6th 7th and 8th Year
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15%
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3
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Block of 9th and 10th Year
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35%
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4
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Block of 11th and 12th Year
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50%
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Provided further that export obligation of a particular block may be set off by
the excess export made in the said preceding block(s).�
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 block wise 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.�
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