1. Onetime condonation of time period in respect of obtaining block-wise extension in Export Obligation period under EPCG Scheme, 2. Onetime condonation of time period in respect of obtaining extension in Export Obligation period under EPCG Scheme and 3. Acceptance of installation certificate under EPCG Scheme by the RAs wherein installation certificate is submitted beyond 18 months ... reg.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....der EPCG Scheme, 2. Onetime condonation of time period in respect of obtaining extension in Export Obligation period under EPCG Scheme and 3. Acceptance of installation certificate under EPCG Scheme by the RAs wherein installation certificate is submitted beyond 18 months ... reg. Attention of Trade & Industry is invited to Public Notice No.35/2015-20, Public Notice No.36/2015-20 and Public Notice No.37/2015-20 all dated 24.10.2017 relating to EPCG Scheme. 1. The EPCG authorization holders, while maintaining the average export obligation, fulfil the specific export obligation over the prescribed block period as applicable. 2. Para 5.14 (c) of the Handbook of Procedures 2015-2020 states as under:- "Where EO of the first block is n....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the requisite extension on payment of composition fee or should have paid the proportionate 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 ₹ 5000/- in addition to payment of regular composition fee as applicable. The RA may also consider the requests that may be received upto 31.03.2018 under this facility. This shall be subject to the condition that the case is otherwise in order and submission of installation certificate for the capital....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ion period, where requests are received as per the prescribed procedure but have not been considered due to the non-submission within the prescribed period, on payment of additional composition fee of ₹ 5000/- per authorization. Under the facility RAs may also consider the requests that may be received upto 31.03.2018. The EOP extension would be granted as per the relevant provisions of HBP applicable on the date of issue of authorization in continuation of the original/extended expiry period, and would be subject to fulfilment of all other relevant conditions of the FTP and HBP. 10. This facility would not be available in the following cases:- i. Where the EPCG authorization is under Investigation/adjudicated by RA/Customs Authorit....