EPCG - Export obligation automatically extended when ban is imposed on exports
The DGFT PN stipulates that
“Whenever a ban/restriction is imposed on export of any product, export obligation period in respect of EPCG authorizations already issued prior to imposition of ban of such export products, would stand automatically extended for a period equivalent to the duration of ban, without any composition fee and exporter would not be required to fulfill average E.O. as well for the ban period”.
PUBLIC NOTICE No. Dated 3 June, 2008