Onetime condonation of time period in respect of obtaining block-wise extension in Export Obligation period under EPCG Scheme

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.... New Delhi, Dated the 25^th October, 2017 Subject: Onetime condonation of time period in respect of obtaining block-wise extension in Export Obligation period under EPCG Scheme. In exercise of powers conferred under Paragraph 2.04 read with Paragraph 2.58 of FTP 2015-20, the Director General of Foreign Trade in Public interest hereby makes the following one time relaxations in procedures i....

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....interest as notified by DOR) proportionate to duty saved amount on total unfulfilled EO of the first block" 3. The Para 5.14 (d) of the Handbook of Procedures 2015-20 specifies the governance of the relevant provisions for block-wise Export Obligation in respect of EPCG authorizations issued between 1^st April 2002 and 18.04.2013 4 In view of the time limit of 3 months prescribed in the rele....

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....duty to the Customs to regularize the block-wise EO period. Therefore, as a onetime measure in relaxation of procedure, it has been decided that the RAs concerned may consider the requests for block-wise Export Obligation period extension for the requests already submitted but submitted beyond the time on payment of additional composition fee of Rs. 5000/- in addition to payment of regular composi....