EPCG licence query

[MAHENDRA SINGH RAJPUROHIT]

Dear sir,

We have old EPCG licence & by mistake we have all old epcg licence with more Average export than our past annual Production of company.

we have 14 EPCG licence with that type of problem. we have done export equlant to our licence export obligation and not fullfil  averege export obligation.

Please guide us.

AI Summary

EPCG average export obligation: exports first satisfy average export, excess counts toward licence export obligation; seek DGFT correction.
Average export for past performance is assessed at the group level; incorrect averages should be corrected with DGFT or the EPCG committee. Exports during the block period are applied first to meet the average export requirement, and only exports exceeding that average count toward the licence export obligation. If multiple licences were issued in the same year, the highest average export licence may be the only one requiring average export fulfilment, and export fulfilment can be clubbed across licences in the same financial year.