Amends Para 5.7.4 - Condition for Fulfilment of Export Obligation - DGFT - 39/(RE-2008)/2004-2009

Amends Para 5.7.4 - Condition for Fulfilment of Export Obligation PUBLIC NOTICE NO. 39/(RE-2008)/2004-2009 Dated 04/07/2008 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 Handbook of Procedures, 2004-09 Vol.I (RE 2008) . The following shall be added at the end of paragraph 5.7.4 : "Exports made against an EPCG licence/authorization, which have not been redeemed, shall not be added up for calculating the average export performance for the purpose of subsequent EPCG authorization." The above provision shall be applicable to all EPCG licences issued on or after 1.4.2007. This issues in Public Interest. ( R.S. Gujral ) Director General of Foreign Trade and Ex-Officio Additional Secretary to the Government of India (Issued from F. No. 01/36/218/15/AM09/EPCG.I)