NTF. NO. 17/1998, DT. 01/09/1998

EPCG Scheme - Subsequent licence- Exports against EPCG licence not to be added up for export performance

S.O. (E) :In exercise of the powers conferred under Section 5 of the Foreign Trade Development & Regulation Act, 1992 (No. 22 of 1992) read with Paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendments made upto 13.4.1998), the Central Government hereby makes the following amendments in the Export and Import Policy, 1997-2002, (incorporating amendment made upto 13.4.1998).

In the Paragraph 6.5(v) of EXIM Policy for 1997-2002 (RE : 98) after second sentence, in the seventh line, the following may be added :

"However, exports made against any EPCG licence shall not be added up for calculating the average export performance for the purpose of the subsequent EPC Glicence".

2. This issues in public interest.

Sd/-
(N. L. Lakhanpal)
Director General of Foreign Trade
and Ex-Officio Additional Secretary to the Government of India

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