Relief in Average Export Obligation for sectors with over 5% export decline; EPCG annual EO to be re fixed and endorsed. Reduction of the Average Export Obligation is authorised for EPCG authorisations where a sector/product group experienced over five percent decline in exports year on year; annexures list affected product groups for the two comparative year pairs. Regional Authorities must re fix annual EO for the affected years, endorse reductions in licence files and issue amendment sheets. Regional Offices must consider prior policy circulars on EO shortfalls before issuing demand notices or EODC and include this stipulation in the EODC check sheet.
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.
Relief in Average Export Obligation for sectors with over 5% export decline; EPCG annual EO to be re fixed and endorsed.
Reduction of the Average Export Obligation is authorised for EPCG authorisations where a sector/product group experienced over five percent decline in exports year on year; annexures list affected product groups for the two comparative year pairs. Regional Authorities must re fix annual EO for the affected years, endorse reductions in licence files and issue amendment sheets. Regional Offices must consider prior policy circulars on EO shortfalls before issuing demand notices or EODC and include this stipulation in the EODC check sheet.
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