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

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

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

Fulfillment of Export obligation for licenses with duty saved of Rs.10

1.	Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid only if -
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
B.	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
C.	None of the above
D.	Can’t say
Answer» B. 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