Relief in average export obligation: sectors with export decline may receive proportionate EO reductions for affected year. Relief under para 5.19 HBP (FTP 2015 20) allows proportional reduction of the Annual Average Export Obligation for EPCG authorisations where a sector/product group's exports declined by more than 5% in 2021 22 versus 2020 21. Regional Authorities must re fix EO for 2021 22, endorse reductions in licence files, issue amendment sheets to holders, and consider prior policy circulars before issuing demand notices or EODCs, recording this in the EODC check sheet.
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Relief in average export obligation: sectors with export decline may receive proportionate EO reductions for affected year.
Relief under para 5.19 HBP (FTP 2015 20) allows proportional reduction of the Annual Average Export Obligation for EPCG authorisations where a sector/product group's exports declined by more than 5% in 2021 22 versus 2020 21. Regional Authorities must re fix EO for 2021 22, endorse reductions in licence files, issue amendment sheets to holders, and consider prior policy circulars before issuing demand notices or EODCs, recording this in the EODC check sheet.
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