PUBLIC NOTICE NO.10/2018, DT. 22/05/2018
- Document type
- Circular
- Dated
- Category
- Public Notices w.e.f 01/04/2018
Maintenance of Annual Average Export Obligation - regarding
Maintenance of Annual Average Export Obligation - regarding
In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP), 2015-20, the Director General of Foreign Trade in Public interest hereby makes thefollowing amendments in Hand Book of Procedures 2015-20:
After para 5.19, a new para 5.19A be inserted as under:-
5.19A : Maintenance of Annual Average Export Obligation
The excess exports done towards the average export obligation fulfilment of an EPCG authorization during a ycar can be used to offset any shortfall in the Average EO done in other year(s) of the EO period or the block period as the case may be provided Average EO imposed is maintained on an overall basis, within the block period or the EO period as applicable.
2. Effect of this Public otice:
Condonation from non-maintenance of Annual Average in some yeans) offset by excess exports in other year(s) in respect of EPCG authorisations has been granted.
(Alok Vardhan Chaturvedi)
Director General of Foreign Trade
Email: dgft@nic.in
(Issued from F.No.18/15/AM-19/P-5)