PXL/HO/Cir-001/2023-24 Date: 03.04.2023
Hyderabad
Subject: Amnesty scheme for one-time settlement of default in export obligation by Advance and EPCG authorization holders
We would like to inform our member companies that DGFT has released a Public Notice NO. 2/2023 on 1st April 2023 regarding the "Amnesty scheme for one-time settlement of default in export obligation by Advance and EPCG authorization holders".
In the exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy(FTP) 2023, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in procedure to close cases of default in Export Obligation under (a) Advance Authorisation Scheme (b) EPCG Scheme
A one-time facility is being provided for the grant of EODC/regularisation of cases of EO default of Advance Authorisation and EPCG authorizations under the "Amnesty scheme for one-time settlement of default in export obligation by Advance and EPCG authorization holders"
For further details on the above-mentioned subject circular, please click https://content.dgft.gov.in/Website/dgftprod/cdb6b9a7-fd65-4265-b8a8-bd1ee12c0f91/PN.%202%20dated%2001.04.2023%20English.pdf
With regards,
Uday Bhaskar
Director General
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