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of <h1>DGFT Revises Annual Average Export Obligation for 2015-16 Due to Export Decline Under FTP 2015-20, Per Para 5.19.</h1> The circular issued by the Directorate General of Foreign Trade (DGFT) addresses the re-fixation of Annual Average Export Obligation for the year 2015-16 under the Foreign Trade Policy (FTP) 2015-20. According to Para 5.19 of the Hand Book Procedures, sectors or product groups that experienced a decline of more than 5% in exports compared to the previous year are eligible for relief in their export obligations. Regional Offices are instructed to adjust the export obligations for Export Promotion Capital Goods (EPCG) Authorizations accordingly and ensure compliance with earlier policy circulars when processing export obligation discharge requests. A list of affected product groups is annexed for reference.
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