EPCG- Export Obligation Conditions deleted

By Vijay Kumar

As per para 5.7.8 of the Handbook of Procedures, Vol. I, Wherever more than one EPCG authorisations are issued simultaneously or concurrently, fresh EPCG authorisation would build upon last average export obligation only, notwithstanding actual achievements.

And as per para 5.8.6 of the HOP, In case of an existing export obligation under EPCG scheme a fresh EPCG authorisation can only be issued provided average of last obligation (including increased amount due to duty saved in last EPCG) has been maintained.

Now both these conditions are deleted.

DGFT PUBLIC NOTICE NO. 53 (RE-2007)/2004-2009, Dated: September 27, 2007