Incentives for Fast Track Companies

5.11

To incentivise fast track companies with a view to accelerate exports under the Scheme, in cases where the Authorisation holder has fulfilled 75% or more of the export obligation under the Scheme (including average level of exports) in half or less than half the original export obligation period specified in the Authorisation, the remaining export obligation shall be condoned and the Authorisation redeemed by the licensing authority concerned.

However no benefits under Para 5.12 of Handbook (Vol.I) shall be available in such cases.