Foreign Trade Procedures 2008-2009 - Directorate General of ...

Penal Action 5.17 In case of failure to fulfill export obligation or any other conditionof authorization, authorization holder shall be liable for action underFT (D&R) Act, 1992, Orders and Rules made there under,provisions of FTP and Customs Act, 1962.Clubbing of EPCG 5.18 Clubbing of two or more EPCG authorizations of same authorizationauthorizationsholder would be permitted.5.18.1 Deleted5.18.2 An application for clubbing can be made only to RA concerned inANF 5D. Clubbing shall not be permitted in case authorisationsare issued by different RAs.(a)(b)(c)Deleted.Deleted.Deleted.5.18.3 Total export obligation would be refixed taking into account totalof duty saved or total of CIF value of imports.5.18.4 On clubbing, authorizations for all purposes shall be deemed tobe a single EPCG authorization. Export obligation period forclubbed authorization shall be reckoned from first authorizationissue-date. However, in cases where clubbed CIF/duty savedvalue exceeds Rs 100 crore, no corresponding benefit of increasein export obligation period shall be admissible.5.18.5 Average export obligation for clubbed authorizations would behighest of average export obligations endorsed on individualauthorizations so clubbed.5.18.6 No clubbing would be permitted after expiry of EOP.5.18.7 The aforesaid provisions for Clubbing of EPCG Authorisationsshall be applicable for authorizations issued on or after 1-4-2007.However, EPCG authorizations issued prior to 1-4-07 shall begoverned by provisions contained in Chapter 5 of HBP v1 (RE -2006).Refixation of Export 5.19 (a) EPCG authorization holder can apply for refixation of exportObligation upon obligation as given in para 5.4 (i) of FTP in ANF 5C.conversion from CIFbased to duty based EO (b) Deleted.100