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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....hi Dated 20th 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. Attention is invited to Para 5.7.2 of HBP 2009-14. Para 5.7.2 of HBP 2004-09 (RE : 2008) an....

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....oreign 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 Account (FCA), in case of supplies which have been made prior to 1.4.2015. 4. However, it ....