Eximkey - India Export Import Policy 2004 2013 Exim Policy

5.20

Automatic EO extension in the event of ban on export product


Whenever a ban/restriction is imposed on export of any product, export obligation period in respect of EPCG authorisations already issued prior to imposition of ban on such export products would stand automatically extended for a period equivalent to duration of such ban, without any composition fee. Authorisation holder would not be required to maintain average E.O. as well for the ban period.
 

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