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2020 ] FOREIGN TRADE POLICY E35
plenishment, booking with nominated agencies, and time allowed
for re-import. However, the relaxation in repatriation of sale pro-
ceeds period would be equal to the period allowed plus six
months, or as subject to RBI guidelines, whichever is less.”
13. The following para is added after para 4.85 :
“4.85 A
For those cases, where the last date for exports/replenishment/
imports/drawal of precious metal as calculated under various
sub-paras of para 4.82, 4.83, 4.84 and para 4.85, expires between
1-2-2020 and 31-7-2020, such last date stands extended by six
months. However, relaxation in the period for repatriation/forex
realization would be equal to the period as allowed plus six
months, or as per RBI guidelines, whichever is less.”
14. In para 4.95(k)(a), the last date for filing online claims is amended to
read as 31-12-2020 in place of 30-6-2020.
15. In para 5.04(a), after the first sentence, the following sentence is in-
serted :
“However, in case the period of six months expires during 1st
February, 2020 to 31st July, 2020, the period for submission of In-
stallation Certificate is extended by further 6 months from the
original due date.”
16. After para 5.14(d), the following sub-para is added :
“(e) However, for the authorisations covered under para 5.14 (a),
(c) and (d), if the blockwise export obligation period expires dur-
ing 1st February, 2020 to 31st July, 2020, such period is deemed to
be automatically extended by further 6 months from the date of
such expiry.”
17. After para 5.17(d), the following sub-para is added :
“(e) However, for the authorisations covered under para 5.17(a),
(b) and (c), if the export obligation period expires during 1st Feb-
ruary, 2020 to 31st July, 2020, such period is deemed to be auto-
matically extended by further 6 months from the date of such ex-
piry.”
18. In para 6.01(b) (ii), after the sentence “Further extension, if necessary,
will be granted by the Board of Approval.”, the following sentence is
inserted :
“All such LOPs/LOIs whose original or extended validity expires
on or after 1st March 2020, may be deemed to be valid up to 31st
December, 2020.”
19. In para 6.06(c)(ii), the following sentence is added at the end :
“In case the export obligation period expires during 1st March
2020 to 30th June 2020, it would deem to be valid upto 30th Sep-
tember, 2020.”
20. In para 7.05(a), the following sentence is inserted after sentence num-
ber 2 :
“In all such cases where the above dates fall on or after 1st March,
2020, the date of filing of applications for refund of
TED/Drawback may be deemed to be extended up to 30th Sep-
tember, 2020.”
EXCISE LAW TIMES  15th April 2020  155