Foreign Trade Policy - incentives for Fast Track Companies
The Policy Interpretation Committee in its meeting held on 18.5.2009 decided that incentives for Fast Track Companies will be provided to all cases for grant of redemption of EPCG Authorization issued on or after 1.4.1999 in respect of EPCG Authorization of CIF value of Rs.100 crores or more where export obligation is required to be fulfilled over a period of 12 years, and on or after 1.4.2001 for all other EPCG Authorizations. This will be subject to the condition that the Annual Average Export Obligation imposed on the EPCG Authorization, if any, has been completed in full and the Authorization holder has fulfilled 75% or more of additional Export Obligation in half or less than half of the original Export Obligation Period specified.
DGFT Circular No. 93 (RE-08)/2004-2009 Dated: June 10, 2009