Circular No.ES/62/2016-17 August 9, 2016
To: Members of the Council
Sub: Relief in Average Export obligation in terms of Para 5.19 of Hand Book of Procedures of FTP 2015-20
Dear Member,
DGFT has issued Policy Circular No.01/2015-20 dated 26.07.2016 regarding the above subject. As you are aware, para 5.19 of the Hand Book of Procedures of FTP 2015-20 permits re-fixation of Annual Average Export Obligation, in case the export in any sector/product group declines by more than 5%. This implies that the sector/product group that witnessed such decline in 2015-16 as compared to 2014-15, would be entitled for such relief. List of the products enclosed in the Policy Circular.
All Regional Offices are requested to re-fix the annual average export obligation for EPCG Authorizations for the year 2015-16 accordingly. Reduction, if any, in the EO should be appropriately endorsed in the licence file of the office of RA as also in the Amendment Sheet to be issued to the EPCG Authorisation holder.
Members please make a note of the above and do the needful.
Thanking You,
V.ANIL KUMAR
EXECUTIVE DIRECTOR
