Government of India
Ministry of Commerce and Industry
Department of Commerce
Udyog Bhawan, New Delhi
Notification No: 70 (RE-2013)/2009-2014
New Delhi, the 20 February, 2014
Subject: Amendment in Chapter 5 of Foreign Trade Policy 2009-14
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade
(Development and Regulation) Act, 1992 read with Para 1.3 of the Foreign Trade
Policy, 2009-2014, the Central Government hereby makes the following amendment
in sub-para (b) of Para 5.5.1 of the Foreign Trade Policy (FTP) 2009-14 with
immediate effect:
2. A new sub para (c) is being inserted after sub para 5.5.1(b). The new para
shall read as under:
5.5.1 (c) Wherever the holder of any EPCG Authorization is granted relief under
Corporate Debt Restructuring (CDR), then such Authorization holder may be
allowed EO extension of 3 years (from the date of approval of the CDR
mechanism/scheme). Such extension in EO will not attract any Composition fee and
will be in addition to (and not in lieu of) the granting of EO extension, if
any, available under Para 5.11 of HBP v1.
Effect of this Notification: Additional time of 3 years for fulfillment of EO
may be allowed to the concerned EPCG Authorization holder, if such holder
receives relief under Corporate Debt Restructuring mechanism.
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
[Issued from File No. 18/48/AM-14/P-5]