Amendments in EPCG notifications Nos 111/95, 28/97, 29/97 and 49/2000

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the said Table, namely: - Table Sl.No. Notification No. and Date Amendment (1) (2) (3) 1. GSR 481(E), dated the 5th June 1995 111/95-Customs, dated the 5th June, 1995 In the said notification, in paragraph 2, - i. in condition (3), for the proviso, the following provisos shall be substituted, namely: - "Provided that where the CIF value of licence is not less than Rs.100crores, the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence in the following proportions, namely: - S.No. Period from the date of issue Proportion of Total Of Licence Export Obligation (1) (2) (3) 1. Block of 1st, 2nd, 3rd, 4th and 5th Year Nil 2. Block of 6th 7th and 8th Year 15% 3. Block of 9th and 10th Y....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e period or overall period of export obligation may be extended and the said shortfall in export obligation be condoned by the Assistant Commissioner of Customs or Deputy Commissioner of Customs."; 3. GSR 185(E), dated the 1st April, 1997 29/97-Customs, dated the 1st April, 1997 In the said notification, in paragraph 2, - in condition (2), for the portion beginning with the words "Provided that export" and ending with the words "Provided further that", the following shall be substituted, namely: - "Provided that where the CIF value of licence is not less than Rs.100crores, the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence in the following proportions, namely: - S.No. Period from t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....shall be fulfilled within a period of 12 years from the date of issue of licence in the following proportions, namely: - S.No. Period from the date of issue Proportion of Total Of Licence Export Obligation (1) (2) (3) 1. Block of 1st, 2nd, 3rd, 4th and 5th Year Nil 2. Block of 6th 7th and 8th Year 15% 3. Block of 9th and 10th Year 35% 4. Block of 11th and 12th Year 50%: Provided further that export obligation of a particular block may be set off by the excess export made in the said preceding block(s)."; ii. for condition (6), the following condition shall be substituted, namely, - "(6) Notwithstanding anything contained in conditions (3) and (4), where the Licensing authority grants extension of blockwise period for any block(s) ....