375 Items Identified in 5% Plus Export Decline in 2014-15 Period for Refixation of Annual Export Obligation
[DGFT Policy Circular No. 04 dated 16th December 2015]
Subject: Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of
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 2014-15 as compared to 2013-14, would be entitled for such relief.
2. A list of such product groups showing the percentage decline in exports during 2014-15 as compared to 2013-14 is Annexed.
3. All Regional Offices are requested to re-fix the annual average export obligation for EPCG Authorizations for the year 2014-15 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.
4. 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 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.