Amendments in the Hand Book of Procedures, Vol.I (RE-2008) - Export Promotion Capital Goods (EPCG) Scheme - DGFT - 26 (RE-2008)/2004-2009

Amendments in the Hand Book of Procedures, Vol.I (RE-2008) - Export Promotion Capital Goods (EPCG) Scheme TO BE PUBLISHED IN THE GAZETTEE OF INDIA EXTRAORDINARY PART - I, SECTION -I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No. 26 (RE-2008)/2004-2009 NEW DELHI . The 3 June, 2008 In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2004-09, the Director General of Foreign Trade hereby makes the following amendments in the Hand Book of Procedures, Vol.I (RE-2008): The following paragraph stands added after paragraph 5.11.3 to read as paragraph 5.11.4, as under: 1 ["Whenever a ban/restriction is imposed on export of any product, export obligation period in respect of EPCG authorizations already issued prior to imposition of ban/restriction of such export products, would stand automatically extended for a period equivalent to the duration of ban/restriction, without any composition fee and exporter would not be required to fulfill average E.O. as well, for the ban/restriction period."] This issues in public interest. Sd/- (R.S. Gujral) Director General of Foreign Trade and Ex Officio additional Secretary to the Government of India (Issued from File No. 01/36/218/26/AM09/PC.V/EPCG.I) ******************* Notes : 1. Has been substituted vide PUBLIC NOTICE NO. 67 (RE-2008)/2004-09 dated the 20th August, 2008 before it was read as, "Whenever a ban/restriction is imposed on export of any product, export obligation period in respect of EPCG authorizations already issued prior to imposition of ban of such export products, would stand automatically extended for a period equivalent to the duration of ban, without any composition fee and exporter would not be required to fulfill average E.O. as well for the ban period".