About
10% Four Digit Tariff Lines Show 5% Plus Decline in
Exports in 2015-16 over 2014-15
·
Relief
in Export Obligation Ordered
[DGFT
Policy Circular No. 01 dated 26th July 2016]
Subject: Relief in Average Export Obligation in terms of
Para 5.19 of Hand Book Procedures of FTP 2015-20
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 decline by more than 5%. This implies that the
sector/product group that witnessed such decline in 2015-16 as compared to
2014-15, would be entitled for such relief.
2. A list of such product groups showing the
percentage decline in exports during 2015-16 as compared to 2014-15 is Annexed
3. All Regional Offices are requested to re-fix
the annual average export obligation for EPCG Authorizations for the year 2015-16
accordingly. Reduction, if any, in the EO should be appropriately endorsed in
the licence file of the office of RA as also in the Amendment Sheet to be
issued to the EPCG Authorisation holder.
Regional
Offices, while considering requests of discharge of Export Obligation will
ensure that in case of shortfall in Export Obligation fulfillment,
Policy Circulars earlier issued in terms of Para 5.11.2 of HBP
2009-14 and Para 5.19 of Hand Book of
Procedure of FTP 2015-20 are also
considered before issuance of demand notice etc. This stipulation should also
form part of Check-Sheet for the purpose of EODC.
5. This issues with the approval of DGFT.