5.17

Extension in Export Obligation Period

(a) Extension in Export Obligation Period of EPCG authorization issued prior to Notification of FTP 2015-20 shall be governed by relevant provisions of HBP Vol 1 applicable on the date of issue of authorisation.

(b) In case of zero duty EPCG Authorizations, only one extension of upto 2 years in export obligation period may be considered by RA concerned, on payment of composition fee equal to 2% of proportionate duty saved amount on unfulfilled export obligation for each year of extension or an enhancement in export obligation imposed to the extent of 10% of total export obligation imposed under authorization for each year of extension, as the case may be, at the choice of the exporter.

(c) Request for extension in EO Period shall be made to RA within 75 days from the date of expiry of original EO Period.

(d) Extension in export obligation period shall also be subject to such terms and conditions as may be prescribed by competent authority.

(Pl. refer PUBLIC NOTICE NO.36/2017, DT. 25/10/2017 for Onetime condonation of time period in respect of obtaining extension in Export Obligation period under EPCG Scheme related above (a) & (c)  )