5.14
Block-wise Fulfilment of EO
(a) The Authorisation holder under the EPCG scheme shall, while maintaining the average export obligation, fulfill the specific export obligation over the prescribed block period in the following proportions:
|
Period from the date of issue of Authorisation |
Minimum export obligation to be fulfilled |
|
Block of 1 st to 4 th year |
50% |
|
Block of 5 th and 6 th year |
Balance EO |
(b) The Authorisation holder would intimate the Regional Authority on the fulfilment of the export obligation, as well as average exports, within three months of completion of the block, by secured electronic filing using digital signatures.
(c) Where EO of the first block is not fulfilled in terms of the above proportions, except in cases where the EO prescribed for first block is extended by the Regional Authority subject to payment of composition fee of 2% on duty saved amount proportionate to unfulfilled portion of EO pertaining to the block, the Authorization holder shall, within 3 months from the expiry of the block, pay duties of customs (along with applicable interest as notified by DOR) proportionate to duty saved amount on total unfulfilled EO of the first block.
(d) (i) Authorisations issued from 1 st April, 2002 upto 31 st August, 2004 shall be governed by provisions of paragraph 5.8 of HBP Vol. 1 (RE- 02) as amended from time to time.
(ii) Authorisations issued from 1 st September, 2004 upto 17 th April, 2013 shall be governed by provisions of paragraph 5.8 of HBP Vol. 1 (RE-12) as amended till 17.04.2013.
(iii) Authorisations issued from 18 th April, 2013 till issue of Notification of FTP 2015-20 shall be governed by provisions of paragraph 5.8 of HBP Vol. 1 as amended through PN No. 1 dated 18.04.2013.
(Pl. refer PUBLIC NOTICE NO.35/2017, DT. 25/10/2017 for Onetime relaxation in condonation of delay of submission for obtaining block-wise extension in Export Obligation under EPCG scheme is provided. related above (c) & (d) )