DGFT NOTIFICATION -36
(RE-2007)/2004-2009 DATED 08.10.2007
Export obligation under EPCG scheme stands replaced by clause (Para 5.4)
S.O.(E) In exercise of powers conferred by Section 5 of the
Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.3 of
the Foreign Trade Policy (FTP), 2004-2009, as amended, the Central Government
hereby makes the following amendments in FTP, 2004-2009 (Updated as on
Paragraph 5.4(i) related to Export obligation under EPCG scheme stands
replaced by the following clause:
“Export obligation shall be fulfilled by export of goods manufactured / services
rendered by the applicant.
Export obligation under the scheme shall be, over and above, the average level
of exports achieved by him in the preceding three licensing years for the same
and similar products within the overall export obligation period including
extended period, if any; except for categories mentioned in paragraph 5.7.6 of
Handbook of Procedures, Vol. 1. Such average would be the arithmetic mean of
export performance in last three years for the same and similar products.
Export obligation may also be fulfilled by exports of other good(s) manufactured
or service(s) provided by the same firm / company or group company / managed
hotel which has the EPCG authorisation.
However, in such cases, additional export obligation imposed shall be over and
above average exports achieved by the unit / company / group company /managed
hotel in preceding three years for both the original and the substitute
product(s)/ service(s) despite exemption in Para 5.7.6 of HBP v1.”
This issues in Public interest.
(Issued from File. No. 01/94/180/Pol. Form.-EPCG/FTP/AM08/PC-I)
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India
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