EPCG authorization conversion requires same export obligation period and maintenance of annual average export obligation. A unit converting from the EOU scheme to an EPCG Authorization is entitled to the same export obligation period as a direct EPCG holder, with the obligation period commencing from the EPCG issue date. The converting unit must also maintain the Annual Average Export Obligation prescribed under the Foreign Trade Policy, applying the same annual average export performance criterion as for direct EPCG beneficiaries.
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Provisions expressly mentioned in the judgment/order text.
EPCG authorization conversion requires same export obligation period and maintenance of annual average export obligation.
A unit converting from the EOU scheme to an EPCG Authorization is entitled to the same export obligation period as a direct EPCG holder, with the obligation period commencing from the EPCG issue date. The converting unit must also maintain the Annual Average Export Obligation prescribed under the Foreign Trade Policy, applying the same annual average export performance criterion as for direct EPCG beneficiaries.
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