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No.CLE/POL/EPCG /2007
Oct.8,2007
Members of the Council.
Sub: Condition for
fulfillment of Export Obligation under EPCG Scheme
Dear Member,
We wish to inform you that
the Director General of Foreign Trade has issued Public Notice No.53
(RE-2007)/2004-09 dated 27.09.2007 deleting the following paragraphs related to
Export Obligation in the Hand Book of Procedures, Volume - I.
Paragraph No. |
Description |
5.7.8 |
Wherever more than one EPCG authorisations are issued
simultaneously or concurrently, fresh EPCG authorisation would build upon last
average export obligation only, notwithstanding actual achievements |
5.8.6 |
In case of an existing export obligation under EPCG
scheme a fresh EPCG authorisation can only be issued provided average of last
obligation (including increased amount due to duty saved in last EPCG) has been
maintained |
The said DGFT Public Notice is appended below for information and reference of
members.
With regards
Dr. K. Elangovan
Executive Director Circular
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