Explanatory note with respect to EPCG licence - Public Notice No.99 ( RE-2007) 2004-09 dated 08.01.2008

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..... e No.99 ( RE-2007) 2004-09 dated 08.01.2008 . In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09 , the D.G.F.T. hereby makes the following explanatory note in respect of P.No. 99/RE-2007 dated 8.01.2008 . 1. (a) Company "A" applies for EPCG licence in 2007-08 with previous exports of Rs 10 Crore, 20 Crore and 30 Crore in 2004-05,2005-06 and 2006-07 re .....

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..... nt in the second license is Rs.2 Crore.) 2. (a) Fulfillment of additional exports obligation against the first license shall also subsume " previous export obligation" of the second and subsequent licenses to that extent. For example, if the license holder fulfill an average export of Rs.20 Crore annually and additional export obligation of 8 times of Rs 1 Crore, it will subsume the "previous ad .....

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..... After redemption of an EPCG license, the exports made against such licenses shall be added to arrive at the average of proceedings three licensing years. 4. All other conditions as given in HBP V 1 shall remain unchanged. F.NO.01/94/180/03/AM08/PoL V (R.S.GUJRAL) Director General of Foreign Trade Ex-Officio Additional Secretary to Govt. of India - Circular - Trade Notice .....

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