Government of India
Ministry of Commerce and Industry
Department of Commerce
(Directorate General of Foreign Trade)
[ISO 9001:2008 Certified Organisation]
Udyog Bhawan, H-Wing, Gate No. 2,
Maulana Azad Road, New Delhi-110011
Tel. (EPBAX No.): 011-23061562
Fax No: 011-2306 2225
Web Site: http://dgft.gov.in
Policy Circular No. 9 (RE-2012)/2009-14
All Regional Authorities/All Customs Authorities/FIEO/EEPCS/All Concerned
Subject: Operationalisation of provisions of Para 5.11.2 of Hand Book of Procedure Vol.-1 (2009-14) [RE: 2012]
Para 5.11.2 of the Hand Book of Procedure Volume – 1 (HBP V-I) permits re-fixation of Annual Average Export Obligation, in case the export in any sector/ product group decline by more than 5%. This implies that for the sector/product group that witnessed such decline in 2011-12 as compared to 2010-11, would be entitled for such relief.
2. A list of such product groups showing the percentage decline in exports during 2011-12 as compared to 2010-11 is enclosed.
3. All Regional Offices are requested to re-fix the annual average export obligation for EPCG Authorizations for the year 2011-12 accordingly. Reduction, if any, 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.
4. Regional Offices while considering requests of discharge of Export Obligation will ensure that in case of shortfall of Export Obligation Policy Circulars earlier issued in terms of Para 5.11.2 of HBP 2009-14 are also considered before issuance of demand notice etc. This stipulation should also form part of Check-Sheet for the purpose of EODC.
5. This issues with the approval of DGFT.
Joint Director General of Foreign Trade
Tel. No. +91 11 2306 1562 / Ext. 223
(Issued from File No. 01/36/218/117/AM-13/EPCG-I)
Enclosure: List of Product Groups which experienced a decline in exports in 2011-12 as compared to 2010-11 (13 pages)