Average Export Obligation relief: re-fix Annual EO for EPCG authorisations after qualifying sectoral export declines. Relief under para 5.17(a) HBP (FTP, 2023) permits reducing the Annual Average Export Obligation for EPCG authorisations proportionate to sectoral/product-group export declines in 2023-24 compared to 2022-23. Regional Authorities must re-fix Annual Average EO for 2023-24, endorse reductions in the licence file and amendment sheet, and ensure that prior policy circulars are considered before issuing demand notices or EODC; this stipulation must be included 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.
Average Export Obligation relief: re-fix Annual EO for EPCG authorisations after qualifying sectoral export declines.
Relief under para 5.17(a) HBP (FTP, 2023) permits reducing the Annual Average Export Obligation for EPCG authorisations proportionate to sectoral/product-group export declines in 2023-24 compared to 2022-23. Regional Authorities must re-fix Annual Average EO for 2023-24, endorse reductions in the licence file and amendment sheet, and ensure that prior policy circulars are considered before issuing demand notices or EODC; this stipulation must be included in the EODC check-sheet.
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