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267GI/2010

MINISTRY OF COMMERCE AND INDUSTRY

(Department of Commerce)

PUBLIC NOTICE

New Delhi, the 21st January, 2010

No. 36/2009-2014

Subject :—Amendment in Para 5.11.2 of II BP Vol. I, 2009-

2014.

F. No. 01/94/180/77/AM-09/EPCG-II.— 1 1)

exercise of the powers conferred under Paragraph 2.4 or

the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of

the Handbook of Procedures (Vol. 1), the Director General

of Foreign Trade hereby makes the following amendments

in the Handbook of Procedures, Vo 1. 1. 2009-2014. as

amended from time to time.

2. Para 5.11.2 of HBP Vol.1 is amended to read as

under :

"To provide relief to exporters of those sectors where

total exports in that sector/product group has

declined by more than 5% as compared to the

previous year, average export obligation for the year

may be reduced proportionate to reduction in exports

of that particular sector/product group during the

relevant year as against the preceding year. However,

in case export decline is continuous over consecutive

years, the base year for calculation of eligibility and

calculation of reduction in Average Export Obligation

will be taken as the year after which the exports have

shown continuous decline.

The sectors/product groups for which this relaxation

is to be allowed shall be conveyed by the DGFT to

all the RAs within seven months of the end of the

previous financial year, and the RAs shall re-fix the

annual average EO for previous year accordingly,

for exporters in that sector/product group."

This issues in public interest.

R. S. GUJRAL, Director General of Foreign Trade

& ex-officio Spl. Secy.

Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-I 10064

and Published by the Controller of Publications, Delhi-110054.