Public Notice No-126
(RE-2008)/2004-2009 dated 6.1.2009
EPCG Scheme- Paragraph 5.11 - Extentsion in export obligation in Handbook of
Procedures Vol. 1 amended
In exercise of powers conferred under Para 2.4 of the Foreign
Trade Policy, 2004-09, the Director General of Foreign Trade hereby makes the
following amendments in the Handbook of Procedures (Vol.I) (RE-2008):
2. The provisions related to grant of extension in export obligation for the
first two years given in paragraph 5.11 are amended to read as under:
“Concerned Regional Authority may consider request for grant of first extension
in E.O. period on payment of composition fee equal to 2% of proportionate duty
saved amount on unfulfilled export obligation or an enhancement in export
obligation imposed to the extent of 10% of total export obligation imposed under
authorization, as the case may be at the choice of exporter, for each year of
extension sought. Such first extension in EO period can be for a maximum period
of two years”.
3. All other provisions of Para 5.11 remain unchanged.
4. This issues in Public interest.(R. S. Gujral)
Director General of Foreign Trade
(Issued from F.No. 01/36/218/56/AM09/Pol.V/EPCG.I)
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