5.18

Provision for Units under BIFR/Rehabilitation

(a) An EPCG Authorisation holder, while applying for registration with BIFR/Rehabilitation Department of State Government, shall also intimate DGFT with regard to relief sought for EPCG authorization, if any, within 30 days of receipt of application by agency concerned.

(b) DGFT, thereafter, shall take up the matter with agency concerned to safeguard government interest on account of default in authorization of export obligation imposed on EPCG authorization obtained by such firm/companies.