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DGFT extends Export Obligation period of specified Advance and EPCG Authorisations

  • 23 Sep 2021
  • Garima
  • 342

The Directorate General of Foreign Trade vide Notification No. 28/2015-20 dated September 23, 2021 has extended the Export Obligation period of specified Advance Authorisations (“AA”) and Export Promotion Capital Goods (“EPCG”) Authorisations.

Para 4.42(j) and Para 5.17(f) has been inserted in Chapter 4 and Chapter 5 respectively in Foreign Trade Procedure 2015-2020, to extend the period of AA and EPCG Authorisations till December 31, 2021 for original or extended Export Obligation which is expiring during August 01, 2020 to July 31, 2021 without payment of composition fee. However, this extension is subject to 5% additional Export Obligation on the balance of original or extended Export Obligation.

The option to avail of Export Obligation extension with payment of composition fees would remain available.

Where AA Holder or EPCG Holder has already obtained Export Obligation extension upon payment of composition fee, the refund of composition fee will not be permitted.

Source- https://content.dgft.gov.in/Website/dgftprod/1a5889c2-b1af-44c6-b609-c117274f6d3d/Notification%20No%2028%20English.pdf

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