The Directorate General of Foreign Trade (DGFT) on November 17, 2022 has issued a circular regarding Relief in Average Export Obligation. FTP 2015-20 (extended up to 31.03.2023) provides relief to exporters of those sectors where total exports in that sector or product group have declined by more than 5% in the previous year i.e. in 2021-22 as compared 2020-21 would be entitled to such relief.
The Regional Offices are requested to re-fix the Annual average export obligation for EPCG Authorizations for the year 2021-22 accordingly. In case of reduction EO should be appropriately endorsed in the license file of the Office of RA as also in the amendment sheet to be issued to the EPCG Authorization holder.
