'Drugs imported from unregistered dealers cannot be sold to local buyers'

In my opinion, the shipments made within the original or extended EO period can be counted towards discharge of EO, regardless of when you made the application for EO extension

Q. We are pharmaceutical manufacturers. We had imported raw material under the advance authorisation scheme to export the final product to USA. Due to business/trade circumstances the order was cancelled and the raw material is in our factory. How can we dispose it of? There are local buyers who intend to purchase it from us, as it is still saleable and has sufficient expiry date. Please advise us, referring to the relevant section/circular.

Since the export obligation is not fulfilled, you have to regularise in accordance with Para 4.49 of the HBP, which, besides other conditions, involves payment of duty