Policy Circular No. 9(RE-2012)/2009-14 Dated 27/12/2012
Subject: Operationalisation of provisions of Para 5.11.2 of Hand Book of
Procedure Vol.-1 (2009-14) [RE: 2012]
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 2011-12 as compared to
2010-11, would be entitled for such relief.
2. A list of such product groups showing the percentage decline in exports
during 2011-12 as compared to 2010-11 is enclosed.
3. All Regional Offices are requested to re-fix the annual average export
obligation for EPCG Authorizations for the year 2011-12 accordingly. Reduction,
if any, in the EO should be appropriately endorsed in the licence file of the
office of RA as also in the Amendment Sheet to be issued to the EPCG
Authorisation holder.
4. Regional Offices while considering requests of discharge of Export Obligation
will ensure that in case of shortfall of Export Obligation Policy Circulars
earlier issued in terms of Para 5.11.2 of HBP 2009-14 are also considered before
issuance of demand notice etc. This stipulation should also form part of
Check-Sheet for the purpose of EODC.
5. This issues with the approval of DGFT.
(Jaikant Singh)
Joint Director General of Foreign Trade
(Issued from File No. 01/36/218/117/AM-13/EPCG-I)
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