The O/o Directorate General of Foreign Trade has issued Public Notice  No.10/2015-20  dated 22/05/2018  regarding flexibility in  Maintenance of Annual  Average Export Obligation under EPCG scheme.

A new para 5.19A will be  inserted as under in HBP:-

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.

As an effect of this Public Notice,  Export obligation under EPCG scheme has been made more flexible  as non-maintenance of Annual Average in some years can be  offset by excess exports in other year(s) in respect of EPCG authorisations.

Members are requested to take note of this relaxation  and do the needful, wherever applicable.  The said PN is available for download/ reference using below link:

http://dgft.gov.in/Exim/2000/PN/PN18/PN%2010%20eng.pdf

Thanking You,

Yours faithfully,

(S.G. BHARADI)
Executive Director
CHEMEXCIL