Advance / EPCG licenses whose Export Obligation (EO) period pending, cannot be closed by opting to pay customs duty with interest on EO default; Commissioners to ensure expeditious closure of licenses by monitoring and tracking cases from initial stages; All-India monthly report of closed cases to be submitted with Board by 5th of every month

Customs Circular No. 40/2013 - Customs dated October 9, 2013
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