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TMI BlogAmendments in EPCG notifications Nos 111/95, 28/97, 29/97 and 49/2000X X X X Extracts X X X X X X X X Extracts X X X X ..... s specified in column (3) of the said Table, namely: - Table Sl.No. Notification No. and Date Amendment (1) (2) (3) 1. GSR 481(E), dated the 5 th June 1995 111/95-Customs, dated the 5 th June, 1995 In the said notification, in paragraph 2, - i. in condition (3), for the proviso, the following provisos shall be substituted, namely: - "Provided that where the CIF value of licence is not less than Rs.100crores, the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence in the following proportions, namely: - S.No. Period from the date of issue Proportion of Total Of Licence Export Obligation (1) (2) (3) 1. Bloc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... igation upto a period of two years or regularisation of shortfall in export obligation not exceeding 5 per cent of such export obligation, the said year-wise period or overall period of export obligation may be extended and the said shortfall in export obligation be condoned by the Assistant Commissioner of Customs or Deputy Commissioner of Customs."; 3. GSR 185(E), dated the 1 st April, 1997 29/97-Customs, dated the 1 st April, 1997 In the said notification, in paragraph 2, - in condition (2), for the portion beginning with the words "Provided that export" and ending with the words "Provided further that", the following shall be substituted, namely: - "Provided that where the CIF value of licence is not less than ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... said notification, in paragraph 2, - i. in condition (2),- for the proviso, the following provisos shall be substituted, namely:- "Provided that where the CIF value of licence is not less than Rs.100crores, the export obligation shall be fulfilled within a period of 12 years from the date of issue of licence in the following proportions, namely: - S.No. Period from the date of issue Proportion of Total Of Licence Export Obligation (1) (2) (3) 1. Block of 1 st , 2 nd , 3 rd , 4 th and 5 th Year Nil 2. Block of 6 th 7 th and 8 th Year 15% 3. Block of 9 th and 10 th Year 35% 4. Block of 11 th and 12 th Year 50%: Provided further that export obligation of a particular block may be set off by the excess export m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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