PARA 5.18.3

Clubbing of EPCG licences

The total export obligation for the licences so clubbed would be refixed taking into account the total duty saved or total CIF value of imports as the case may be of the clubbed licences. The export obligation period of the clubbed licence would be as per the policy applicable for the clubbed CIF value/clubbed duty saved amount, as the case may be. [OLD - The export obligation period of the clubbed licence would be the same as the export obligation period of the individual licences. ] In case of any discrepancy in the export obligation periods of the two licences, clubbing would not be permitted.

(Second sentence of above para has been substituted vide PN. NO. 53(RE-03), DT. 27/02/2004)

(Above Para 5.18.3 has been added vide PN. No. 42/2003, DT. 28/01/2004)