Government of India
Ministry of Commerce and Industry
Department of Commerce
(Directorate General of Foreign Trade)
Udyog l3hawan, New Delhi
Web Site: http://dgft.gov.in
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Policy Circular No. 44/2015-20 Dated: 17th November, 2022
To,
All Regional Authorities of DGFT/
All Customs Authorities
Subject: Relief in Average Export Obligation in terms of the para 5.19 of Hand Book of Procedures (HBP) of FTP 2015-20 .
The para 5.19 of the 1113P of the Foreign Trade Policy, 2015-20 (extended upto 31.03.2023) envisages that to provide relief to exporters of those sectors where total exports in that sector/product group has declined by more than 5% as compared to the previous year, the Average Export Obligation for the year may be reduced proportionate to reduction in exports of that particular sector/product group during the relevant year as against the preceding year. This implies that the sector/product group that witnessed such decline in 2021-22 as compared 2020-21 would be entitled for such relief. Accordingly, the following list is annexed:-
Annexure-I – A list of such product groups showing the percentage decline in exports during 2021-22 as compared to 2020-21.
2. All Regional Offices are requested to re-fix the Annual average export obligation for EPCG Authorizations for the year 2021-22 Reduction, if ally, in the EO should be appropriately endorsed in the licence file of the Office of RA as also in the amendment sheet to be issued to the EPCG Authorisation holder.
3. Regional Offices while considering requests of discharge of Export Obligation will ensure that in case of shortfall in Export Obligation fulfilment, Policy Circulars issued earlier in terms of Para 11.2 of 111W 2009-14 and Para 5.19 of 1113P of FTP 2015-20 are also considered before issuance of demand notice, EODC etc. This stipulation should he part of Check-Sheet for the purpose of EODC.
4. This issues with the approval of Director General of Foreign Trade.
Ertel: As mentioned above (page 1-28)
(Randheep Thakur)
Joint Director General of Foreign Trade
Tel. No. + 91 11 2303 8731
E-mail: randheep.thakur@gov.in
Annexure-I to Policy Circular No. 44 /2015-20 Dated 17.11.2022 – Export Data
