Para 5.7.6
- Document type
- Procedure
- Reference no.
- 05
- Dated
Condition for Fulfilment of Export Obligation
Condition for Fulfilment of Export Obligation 5.7.6
In case of export of goods relating to handicraft, handlooms, cottage, tiny sector, agriculture, aqua-culture, animal husbandry, floriculture, horticulture, pisciculture, viticulture, poultry, sericulture and services, the export obligation shall be determined in accordance with paragraph 5.1 of the Policy, but the licence holder shall not be required to maintain the average level of exports as specified in paragraph 5.4 (i) and 5.9 of the Policy.
The goods excepting tools imported under EPCG scheme by such sectors shall not be allowed to be transferred for a period of five years from the date of imports even in cases where export obligation has been fulfilled.
However, the transfer of capital goods would be permitted within the group companies or managed hotels under intimation to the Regional Licencing Authority and the jurisdictional Central Excise Authority in case of manufacturer/merchant exporters and to the Regional Licensing Authority only in the case of Service providers.
Moreover, in cases where the service provider wants to discharge export obligation by export of goods also, he shall have to maintain the average level of foreign exchange earning for the preceding three licencing years in respect of goods proposed to be exported for discharge of export obligation.
In case of export of goods relating to handicraft, handlooms, cottage, tiny sector, agriculture, aqua-culture, animal husbandry, floriculture, horticulture, pisciculture, viticulture, poultry, sericulture and services, the export obligation shall be determined in accordance with paragraph 5.1 of the Policy, but the licence holder shall not be required to maintain the average level of exports as specified in paragraph 5.4 (i) and 5.9 of the Policy.
The goods excepting tools imported under EPCG scheme by such sectors shall not be allowed to be transferred for a period of five years from the date of imports even in cases where export obligation has been fulfilled.
However, the transfer of capital goods would be permitted within the group companies or managed hotels under intimation to the Regional Licencing Authority and the jurisdictional Central Excise Authority in case of manufacturer/merchant exporters and to the Regional Licensing Authority only in the case of Service providers.
Moreover, in cases where the service provider wants to discharge export obligation by export of goods also, he shall have to maintain the average level of foreign exchange earning for the preceding three licencing years in respect of goods proposed to be exported for discharge of export obligation.