Whenever average level of export obligation was fixed taking into account the exports made to former USSR or to such countries as are notified by the Directorate General of Foreign Trade under this paragraph the average level of exports shall be reduced by the excluding exports made to such countries.

Transitional Arrangement
6.20 In respect of EPCG licence issued between 1.4.2000 to 26.4.2000 under 5% EPCG scheme where bill of entry has been filed prior to 27.4.2000, licence holder may apply for issuance of EPCG licence under the policy prevalent during AM 2000 either under zero duty EPCG scheme or under 10% EPCG scheme as per the eligibilty criteria applicable to such Scheme. The licence holder shall submit a revised application as given in Appendix -10A of Handbook of Procedure (Vol.1)(incorportion amendment upto 31.3.99) alongwith copies of EPCG licence. No additional document and fee shall be required to be submitied by the licence holder. The Licesing Authority shall issue the licence under zero duty 10% EPCG scheme, as the case may be without changing the description of items of the CIF value.

(PN NO. 35/(RE-00)/1997-2002 Dated 29-9-2000)