EPCG licence export obligation rules require average export maintenance and allow additional export fulfilment to subsume prior licence obligations. EPCG licence issuance sets an average export requirement based on the preceding three years and imposes an additional export obligation tied to the duty saved on each licence; successive licences record prior additional export obligations. Fulfilment of an earlier licence's additional export obligation, while maintaining the average export level, subsumes corresponding prior additional obligations on later licences. Exports after licence redemption are included when calculating the three-year average. Other Handbook of Procedures conditions remain unchanged.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
EPCG licence export obligation rules require average export maintenance and allow additional export fulfilment to subsume prior licence obligations.
EPCG licence issuance sets an average export requirement based on the preceding three years and imposes an additional export obligation tied to the duty saved on each licence; successive licences record prior additional export obligations. Fulfilment of an earlier licence's additional export obligation, while maintaining the average export level, subsumes corresponding prior additional obligations on later licences. Exports after licence redemption are included when calculating the three-year average. Other Handbook of Procedures conditions remain unchanged.
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