Policy issues relating to EPCG Scheme - issue of clarification reg - DGFT - 54 (RE-98)/1998-99

F.No. 01/92/180/00529/AM'99/PC.II/ GOVERNMENT OF INDIA MINISTRY OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE UDYOG BHAVAN, NEW DELHI - 110 011. Policy Circular No. 54 (RE-98)/1998-99 1st December, 1998 To, All Licensing Authorities, All Commissioners of Customs, The Federation of Indian Export Organizations, New Delhi, All Chamber of Commerce and Industries / Association on mailing list. Subject : Policy issues relating to EPCG Scheme - issue of clarification reg. Sir, Certain issues have been raised relating to EPCG Scheme. It has been decided to clarify them as follows : "Processed and Frozen Meat" products are covered under the "Food Processing Sector" and as such are eligible for Zero Duty EPCG Scheme with the value limit of Rs. 1 Crore or more in accordance with Paragraph 6.2 of EXIM Policy, 1997-2002 (Revised Edition : April, 1998). The Policy amendment announced vide Notification No. 17 dated 1.9.1998 regarding calculation of average export obligation under EPCG Scheme by excluding the exports effected towards fulfilment of export obligation against any EPCG licence shall be applicable in respect of any EPCG licence redeemed / to be redeemed on or after 1.9.1998. This is issued with the approval of Directorate General of Foreign Trade in consultation with EPCG Committee. (L. B. Singhal ) Joint Director General of Foreign Trade