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Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of Procedures of FTP 2015-20
 

CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)

Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.

Tel : +91 22 22021288 / * Fax : +91 22 22026684

* E-mail : info@chemexcil.gov.in Web : https://chemexcil.in

 EPC/LIC/DGFT/EPCG/EO   

24th Nov 2017

          

ALL MEMBERS OF THE COUNCIL

 

 

DGFT 


Relief in Average Export Obligation in terms of Para 5.19 of

 

Hand Book of  Procedures of FTP 2015-20

 

 

 

Dear Members,

 

We would like to inform you that the O/o DGFT New Delhi has issued Circular no. 03/2015-20 dated 21/11/2017  regarding relief in Average Export Obligation for EPCG authorisation holders in terms of Para 5.19 of Hand Book of Procedures of FTP 2015-20.

 

As you might be aware, Para 5.19 of the Hand Book of Procedures of FTP 2015-20 permits re-fixation of Annual Average Export obligation, in case the export in any sector/ product group declines by more than 5%.  This implies that the sector/product group which witnessed such decline in 2016-17 as compared to 2015-16, would be entitled to such a relief.

 

A list of such product groups showing the percentage decline in exports during 2016-17  as compared to  2015-16 is Annexed with above circular.  As per the circular, All DGFT RA's have been requested to re-fix the annual average export obligation for EPCG Authorizations for 2016-17  accordingly.  Reduction, if any, in the EO should be  endorsed in the licence file of RA and also in the Amendment Sheet to  EPCG authorization holder.

 

Members are requested to take note  of same.  For further details and list of sectors, above-said Policy Circular may be downloaded from the below links :-

 

CIRCULAR NO.

DATE

SUBJECT

03/2015-2020

21.11.2017

Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of Procedures of FTP 2015-20

 

http://dgft.gov.in/Exim/2000/CIR/CIR17/Policy%20Circular%2003%20dated%2021.11.2017.pdf

 

 

Thanking You,


     
Yours faithfully,

 

(S.G. BHARADI)
Executive Director
CHEMEXCIL

 

 

 

 

 

 

 

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