Maintenance of Average exports under EPCG

5.9

As per the provisions of para 5.4(i), the EPCG licence holder would have to maintain the average level of exports equivalent to the average of the exports in the preceding three licencing years for the same and similar products except for exempted categories given in Handbook (Vol 1) during the entire period of export obligation.

Notwithstanding the above, the licence holder shall maintain the average exports in any particular year (s) provided the same is offset by excess exports to fulfil the average in other year (s).