Clubbing of EPCG licences 5.18.4

On clubbing, the licences for all purposes shall be deemed to be a single EPCG licence issued under the said Customs Notification and the export obligation period for the clubbed licence shall be reckoned from the date of issuance of the first licence. However, in cases where the clubbed CIF/duty saved value exceeds Rs 100 crore, no corresponding benefit of increase in export obligation period shall be admissible.