Clarification regarding request of firms for extension in export obligation period.

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..... ed to Paras 5.8.2 5.8.3 of HBP (Vol.I) as amended vide Public Notice No. 54 dated 1.10.2007. According to which authorization holder are required to intimate the Regional Authorities about the export obligation fulfilled in a particular block of years within three months from the expiry of block of years and in case the authorization holder fails to do so, except in such cases where the export o .....

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..... Authorities, subject to payment of 2% of duty saved on unfulfilled E.O. for each block, in respect of the licenses up to Rs.50 crores; on a similar basis as contained in Para 5.11 of HBP Vol.I for extension of export obligation period. All Cases above Rs.50 crores may be forwarded to DGFT (HQ) for consideration of EPCG Committee". 3. The above provisions will be applicable to all licenses irre .....

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