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CHEMEXCIL
BASIC CHEMICALS, COSMETICS & DYES EXPORT PROMOTION COUNCIL
(Set-up by Ministry of Commerce & Industries, Govt. of India)
Jhansi Castle, 7, Cooperage Road, Mumbai - 400 001.
Tel : 22021288, 22021330, Fax : +91 22 22026684
E-mail : info@chemexcil.gov.in Website : www.chemexcil.in
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EPC/LIC/DGFT/EPCG/EO 2nd August, 2016.
ALL MEMBERS OF THE COUNCIL
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Relief in Average Export Obligation in terms of Para 5.19 of
Hand Book of Procedures of FTP 2015-20.
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Dear Members,
We would like to inform you that the O/o DGFT New Delhi has issued Policy Circular no. 01/2015-20 dated 26/07/2016 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 2015-16 as compared to 2014-15, would be entitled to such a relief.
A list of such product groups showing the percentage decline in exports during 2015-16 as compared to 2014-15 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 2015-16 accordingly. Reduction, if any, in the EO should be endorsed in the licence file of RA and also in the Amendment Sheet to EPCG authorisation holder.
Members are requested to take note of same. For further details and list of sectors, Policy Circular no. 01/2015-20 dated 26/07/2016 may be downloaded from the below link-
http://dgft.gov.in/Exim/2000/CIR/CIR16/pc01_2017.pdf
Thanking You,
Yours faithfully,
(S.G.BHARADI)
EXECUTIVE DIRECTOR
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