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Average Export Obligation Relief: reduce EPCG annual EO where sector exports fell over the FTP threshold, and re fix licences accordingly.

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....Para 5.17(a) of the HBP (FTP 2023) permits reduction of Annual Average Export Obligation (EO) for EPCG authorisations where a sector/product group records over 5% decline in exports in 2024-25 versus 2023-24; Regional Authorities must re-fix EOs accordingly and endorse reductions in licence files and amendment sheets. Regional Offices must, when considering EO discharge or shortfall actions, apply earlier policy circulars referenced and account for those precedents before issuing demand notices or EODC; this requirement must be included in the EODC check-sheet. Issued with DGFT approval.....

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Average Export Obligation Relief: reduce EPCG annual EO where sector exports fell over the FTP threshold, and re fix licences accordingly.