Extension of Export Obligation Period

5.11.4

Whenever a ban/restriction is imposed on export of any product, export obligation period in respect of EPCG authorizations already issued prior to imposition of ban/restriction of such export products, would stand automatically extended for a period equivalent to the duration of ban/restriction, without any composition fee and exporter would not be required to fulfill average E.O. as well, for the ban/restriction period.

(Above para has been amended vide PN. NO. 67/2008, DT. 20/08/2008)

[OLD-
Whenever a ban/restriction is imposed on export of any product, export obligation period in respect of EPCG authorizations already issued prior to imposition of ban of such export products, would stand automatically extended for a period equivalent to the duration of ban, without any composition fee and exporter would not be required to fulfill average E.O. as well for the ban period. ]

(Above para 5.11.4 has been added vide PN. NO. 26/2008, DT. 03/06/2008)