Export obligation EPCG scheme must exceed prior average exports and may be met by related group exports with added obligations. Export obligation under the EPCG scheme must be fulfilled by exports of goods manufactured or services rendered by the applicant and be over and above the arithmetic mean of the applicant's export performance in the preceding three licensing years for the same or similar products. Exports by the same firm, a group company, or a managed hotel with the EPCG authorisation may satisfy the obligation, but any additional obligation will be imposed over and above the three year average for both original and substitute products or services.
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Provisions expressly mentioned in the judgment/order text.
Export obligation EPCG scheme must exceed prior average exports and may be met by related group exports with added obligations.
Export obligation under the EPCG scheme must be fulfilled by exports of goods manufactured or services rendered by the applicant and be over and above the arithmetic mean of the applicant's export performance in the preceding three licensing years for the same or similar products. Exports by the same firm, a group company, or a managed hotel with the EPCG authorisation may satisfy the obligation, but any additional obligation will be imposed over and above the three year average for both original and substitute products or services.
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