PARA 5.18.5

Clubbing of EPCG licences

The average export obligation to be maintained for the clubbed licence would be the highest of the average export obligations endorsed on the individual licences put up for clubbing.

(Above para has been corrected vide PN. NO. 53(RE-03), DT. 27/02/2004)

[OLD -
The average export obligation to be maintained for the clubbed licence would be the same average export obligation as was the case with the individual licences prior to clubbing. ]

(Above Para 5.18.5 has been added vide PN. No. 42/2003, DT. 28/01/2004)