PUBLIC NOTICE NO. 39/2008, DT. 04/07/2008

Amends Para 5.7.4 - Condition for Fulfilment of Export Obligation

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures, 2004-09 Vol.I (RE 2008). The following shall be added at the end of paragraph 5.7.4:

"Exports made against an EPCG licence/authorization, which have not been redeemed, shall not be added up for calculating the average export performance for the purpose of subsequent EPCG authorization."

The above provision shall be applicable to all EPCG licences issued on or after 1.4.2007.

This issues in Public Interest.

( R.S. Gujral )
Director General of Foreign Trade and
Ex-Officio Additional Secretary to the Government of India

(Issued from F. No. 01/36/218/15/AM09/EPCG.I)

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