Condition for Fulfilment of Export Obligation

5.7.6

In case of export of goods relating to handicraft, handlooms, cottage, tiny sector, agriculture, aqua-culture, animal husbandry, floriculture, horticulture, pisciculture, viticulture, poultry and sericulture, shall not be required to maintain average level of exports.

Goods, excepting tools imported under EPCG scheme by such sectors, shall not be allowed to be transferred for a period of five years from date of imports even in cases where export obligation has been fulfilled. Transfer of capital goods would be permitted within the group companies, after fulfillment of EO but before five years from the date of imports, under intimation to RA and jurisdictional Central Excise Authority.