Maintenance of Average

5.8.5

The average exports under the EPCG licence has to be maintained as per the provisions of para 5.4(i) and 5.9 of the Policy. However, in case of any shortfall in maintenance of the average exports below the 75% threshold as given in para 5.9 of the Policy , the licence holder shall intimate the regional office of the same at the end of the year of the shortfall giving a valid justification.