5.5.1

Provision for BIFR units

(a) Any firm/ company registered with BIFR or any firm/ company acquiring a unit, which is under BIFR, may be allowed EO extension, as per rehabilitation package prepared by operating agency and approved by BIFR / Rehabilitation Department of State Government, upto 9 years if not specified.

(b) Above provisions also apply to SSI units as per rehabilitation scheme of concerned State government.

(c)  Wherever the holder of any EPCG Authorization is granted relief under Corporate Debt Restructuring (CDR), then such Authorization holder may be allowed EO extension of 3 years (from the date of approval of the CDR mechanism/scheme). Such extension in EO will not attract any Composition fee and will be in addition to (and not in lieu of) the granting of EO extension, if any, available under Para 5.11 of HBP v1.

(Above sub-para (c)  has been inserted vide NOTIFICATION NO. 70/2013, DT. 20/02/2014)

(This version of Chapter 5 of the Foreign Trade Policy deals with policy provisions for Export Promotion Capital Goods (EPCG) Scheme replace by NOTIFICATION NO. 01/2013, DT. 18/04/2013 with immediate effect.)

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5.5.1

Provision for BIFR units

(a) Any firm/ company registered with BIFR or any firm/ company acquiring a unit, which is under BIFR, may be allowed EO extension, as per rehabilitation package prepared by operating agency and approved by BIFR / Rehabilitation Department of State Government, upto 12 years if not specified.

(b) Above provisions apply also to SSI units as per rehabilitation scheme of concerned State government. ]