The first sentence of the amended Para 4.49(g)(ii) says that exports made under any shipping bills/under same authorisation after expiry of export obligation period using unutilised quantity of drugs shall also be accepted in lieu of submission of destruction certificate. Later, this Para says that the authorisation holder shall pay Customs duty with applicable interest to the Customs authority on unutilised quantity imported under advance authorisation and that such exports shall be considered for waiver of destruction certificate and not for waiver of liability of applicable duties and interest. Our doubt is whether we can claim drawback on such exports and what is the gain in exporting under same authorisation after export obligation (EO) period expiry?
This story is from the September 03, 2024 edition of Business Standard.
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This story is from the September 03, 2024 edition of Business Standard.
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