Export obligation extension lets revived sick units fulfil obligations over an extended period and set off excess exports. Where a sick unit notified by BIFR is taken over for revival, the acquiring unit may fulfil EPCG export obligations over an overall twelve-year licence period from date of issue, and export obligation of a block may be set off by excess exports in preceding block(s); several provisos replacing earlier minimum CIF-value thresholds substitute conditions tied to licences having an overall export obligation period of 12 years, and one amendment also extends eligibility to licences issued to units in notified agri export zones.
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Provisions expressly mentioned in the judgment/order text.
Export obligation extension lets revived sick units fulfil obligations over an extended period and set off excess exports.
Where a sick unit notified by BIFR is taken over for revival, the acquiring unit may fulfil EPCG export obligations over an overall twelve-year licence period from date of issue, and export obligation of a block may be set off by excess exports in preceding block(s); several provisos replacing earlier minimum CIF-value thresholds substitute conditions tied to licences having an overall export obligation period of 12 years, and one amendment also extends eligibility to licences issued to units in notified agri export zones.
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