FTP - Decline in Export - Re-fixation of Export Obligation
PARS 5.11.2 of the Hand Book of Procedure Volume -1 ( HBP V-I) permits re-fixation of Annual Average Export Obligation, in case the export in any sector/ product group decline by more than 5%.
DGFT has issued a list of product groups showing the percentage decline in exports during 2009-10 as compared to 2008-09. RAs have been requested to re-fix the annual average export obligation for EPCG Authorizations for the year 2009-10 accordingly.
DGFT Circular No. 8/(RE 2010) 2009-2014 , Dated: December 24, 2010