POLICY CIR NO. 79/2008, DT. 01/04/2009
- Document type
- Circular
- Reference no.
- L
- Dated
Terms and conditions to govern EPCG Authorizations issued to DTA unit after conversion from EOU unit
Terms and conditions to govern EPCG Authorizations issued to DTA unit after conversion from EOU unit
2. It has further been decided to clarify with regard to export obligation period and fulfillment of export obligation:
(a) The export obligation period for a unit which converts from EOU / SEZ Scheme to EPCG Scheme would be the same as is available to a direct EPCG Authorization Holder i.e. 8/12 years from issue date of EPCG authorization as per Para 5.1 of Foreign Trade Policy (FTP).
(b) The unit upon conversion from EOU shall be required to maintain the Annual Average Export Obligation in terms of Para 5.4(i) of FTP.
This issues with the approval of DGFT.
Sd/-
(Akash Taneja)
Joint Director General of Foreign Trade