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 the
following 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 year 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.
DGFT Clarifies that 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.
Public Notice No. 10/2015-20– Dated : May 22, 2018
Read more at: http://dgft.gov.in/Exim/2000/PN/PN18/PN%2010%20eng.pdf