Closure Of EPCG authorizations in case of supplies to SEZ units which have been made prior to 01.4.2015 and where exports proceeds have not been realized through Foreign Currency Account (FCA) of the SEZ unit

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....te General of Foreign Trade Udyog Bhawan, New Delhi Dated 20^th July, 2016 Trade Notice No 10/2016 To     All RA's Members of Trade Subject: Closure Of EPCG authorizations in case of supplies to SEZ units which have been made prior to 01.4.2015 and where exports proceeds have not been realized through Foreign Currency Account (FCA) of the SEZ unit. A....

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.... it is mandatory for SEZ units to make payment to EPCG authorisation holders from Foreign Currency Account (FCA) of the unit. 3. It has been decided, in consultation with SEZ Division of Department of Commerce, that closure / redemption / EODC may be allowed in cases where EPCG authorisation holder has made supplies to SEZ units and has not realised the proceeds from the Foreign Currency Accoun....