Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of Procedures of FTP 2015-20

Circular No.ES/ 235 /2017-18                                                        November 22, 2017  

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. 03/ 2015- 2020 dated 21.11.2017 providing relief to certain products which experienced a decline in exports by more than 5% in 2016-17 as compared to 2015-16 along with list of the said products.

DGFT has requested its Regional Offices the following –

1. To re-fix the annual average export obligation for EPCG Authorizations for the year 2016-17 accordingly.
2. 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.
3. Regional Offices, while considering requests of discharge of Export Obligation will ensure that in case of shortfall In Export Obligation fulfillment, Policy Circulars earlier issued in terms of Para 5.11.2 of HBP 2009-14, and Para 5.19 of Hand Book of Procedure of FTP 2015-20 are also considered before issuance of demand notice etc. This stipulation should also form part of Check Sheet for the purpose of EODC.

Members please make a note of the above.

Thanking You,

S. BALARAJU
EXECUTIVE DIRECTOR