DGFT
The DGFT has issued Policy Circular No.18/2015-20 dated 31st January, 2019 regarding relief in average export obligation in terms of Para 5.19 of Hand Book of Procedures of FTP 2015-20. 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 that witnessed such decline in 2017-18 as compared to 2016-17, would be entitled for such relief. DGFT has requested all Regional Offices to re-fix the annual average export obligation for EPCG Authorizations for the year 2017-18 accordingly. Reduction, if any, in the EO should be appropriately endorsed in the file pertaining to the concerned EPCG Authorisation, as also in the Amendment Sheet to be issued along with the concerned EPCG Authorisation by the Regional Authority.
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