Policy Circular No- 08/2010 dated 24.12.2010
Operationalisation of provisions of Para 5.11.2 of Hand Book of Procedure Vol.-1 (2009-14)

Para 5.11.2 of the Hand Book of Procedure Volume -1 (HBP V-I) permits re-fixation of Annual Average Export Obligation, in case the export in any sector/ product group decline by more than 5%. This implies that for the sector/product group that witnessed such decline in 2009-10 as compared to 2008-09, would be entitled for such relief. This matter was discussed in the meeting of the Port Officers held on 3rd December, 2010 at Delhi.

2. A list of such product groups showing the percentage decline in exports during 2009-10 as compared to 2008-09 is enclosed. All RAs are requested to re-fix the annual average export obligation for EPCG Authorizations for the year 2009-10 accordingly.

This issues with the approval of DGFT.

File No.1/36/218/73/AM-11/Pol.V/EPCG-I

Sd/-
(Hardeep Singh)
Jt. Director General of Foreign Trade

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