Q. Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid only if - (Solved)

1. It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license , Initial 5% custom duty has been paid

2. It is 4 times the duty saved on capital goods , It is fulfilled within 24 years for issuance of license , Initial 5% custom duty has been paid

3. None of the above

4. Can’t say

  • a. It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license , Initial 5% custom duty has been paid
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