EPCG Authorizations to DTA unit after conversion from EOU – DGFT Clarification

By Vijay Kumar

DGFT has clarified that

a) The export obligation period for a unit which converts from EOU/SEZ Scheme to EPCG Scheme would be the same as is available to a direct EPCG Authorization Holder i.e. 8/12 years from issue date of EPCG authorization as per Para 5.1 of Foreign Trade Policy (FTP).

b) The unit upon conversion from EOU shall be required to maintain the Annual Average Export Obligation in terms of Para 5.4(i) of FTP.

DGFT Policy Circular No. 79(RE-08)/2004-2009 Dated: April 01, 2009