Sub:- Monitoring of Export Obligation in respect of EPCG Authorizations.
Attention of the Trade and Industry is invited to Para 5.9 of Handbook of Procedures, Vol.I, 2009-2014, which stipulates that the “Authorization Holder shall submit to RA concerned by 30th April of every year, a report on fulfillment of export obligation”.
It is observed that the above provision has not been adhered to by the EPCG Authorization Holders and in the absence of this report, this office is not able to monitor the fulfillment of export obligation by the EPCG Authorization Holders effectively.
Hence, it has been decided to scrupulously follow this provision henceforth and EPCG Authorization Holders, who have been issued EPCG Licences/Authorizations from 01.04.2001 to 31.3.2009 are required to forward this mandatory report on fulfillment of export obligation to this office in the format given below:-
All EPCG Authorization Holders are required to file this report latest by 30.04.2010 and failure to comply may invite appropriate action which may include denial of further Authorizations.
Trade and Industry is requested to kindly comply.
(Issued from F.No. Policy/1/AM2011/Chennai/Trade Notice)
( R. MUTHURAJ )
Joint Director General of Foreign Trade
For Zonal Joint Director General of Foreign Trade