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