https://www.taxtmi.com/circulars?id=4091 EPCG licence issuance sets an average export requirement based on the preceding three years and imposes an additional export obligation tied to the duty saved on each licence; successive licences record prior additional export obligations. Fulfilment of an earlier licence's additional export obligation, while maintaining the average export level, subsumes corresponding prior additional obligations on later licences. Exports after licence redemption are included when calculating the three-year average. Other Handbook of Procedures conditions remain unchanged. en-us Tue, 22 Jan 2008 00:00:00 +0530 Wed, 23 Jan 2008 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4091 EPCG licence issuance sets an average export requirement based on the preceding three years and imposes an additional export obligation tied to the duty saved on each licence; successive licences record prior additional export obligations. Fulfilment of an earlier licence's additional export obligation, while maintaining the average export level, subsumes corresponding prior additional obligations on later licences. Exports after licence redemption are included when calculating the three-year average. Other Handbook of Procedures conditions remain unchanged. Circulars DGFT Tue, 22 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4091