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DGFT - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

Amendments to Chapter 5 of Handbook of Procedures 2023 for ...


Export Promotion Capital Goods Scheme simplified: Installation certificate time extended, export obligation period relaxed. Reduced compliance burden.

Circulars     DGFT

July 27, 2024

Amendments to Chapter 5 of Handbook of Procedures 2023 for Export Promotion Capital Goods Scheme: Extended time period for submitting installation certificate from 6 months to 3 years, with composition fee. Provisions for extension of export obligation period simplified with revised composition fees based on duty saved value. Additional composition fees prescribed for regularization of exports and PRC decisions. Aimed at reducing compliance burden and enhancing ease of doing business.

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