DGFT extends the time for onetime condonation under the EPCG Scheme till September 30, 2019

Mar 12, 2019 | by Avantis RegTech Legal Research Team


The Directorate General of Foreign Trade (DGFT) has extended the time for onetime condonation under the Export Promotion Capital Goods (EPCG) Scheme till September 30, 2019.

The validity of below given Public Notices issued by the DGFT was extended till September 30, 2018 vide Public Notice No. 1/2015-20 dated April 26, 2018:

a.       Public Notice No. 35/2015-20 dated October 25, 2017: Onetime Condonation of time period in respect of obtaining block-wise extension in Export Obligation period under EPCG Scheme.

b.      Public Notice No. 36/2015-20 dated October 25, 2017: Onetime Condonation of time period in respect of obtaining extension in Export Obligation Period under EPCG Scheme.

c.       Public Notice No. 37/2015-20 dated October 25, 2017: Onetime relaxation for Condonation of delay in submission of installment certificate under EPCG Scheme.

Later, Public Notice No. 37/2015-20 dated October 25, 2017 was modified vide following Public Notice No. 30/2015-20 dated August 14, 2018. Regional Authorities have been delegated power till March 31, 2019 of one time relaxation and condonation of delay in submission of installation certificate for EPCG authorizations issued upto March 31, 2015, without payment of any penalty.

However, DGFT in public interest further extends the time of receipt of requests till September 30, 2019 in respect of the above mentioned Public Notices.

 

Effect of this Public Notice: Extension of time period for receipt of requests is being provided.

[Public Notice No. 78/ 2015-2020]

Click here to download a Public Notice.


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