Executive Summary:
This Public Notice issued by the Directorate General of Foreign Trade (DGFT) extends the validity period of Export Promotion Capital Goods (EPCG) Authorizations from 18 months to 24 months. This change applies to authorizations issued before the notice date but not yet expired. Authorization holders must submit their authorizations to the concerned Regional Authority (RA) for endorsement, which will be done without any fee.
Key Points / Main Content:
Validity Period Extension:
* EPCG Authorizations validity period is extended to 24 months from the date of issuance.
* This extension is granted under Paragraph 1.03 of the Foreign Trade Policy (FTP) 2015-20.
Applicability to Existing Authorizations:
* EPCG Authorizations issued before November 16, 2018, whose validity had not expired by this date, will also have their import validity period extended to 24 months from the original date of issuance.
Endorsement Requirement:
* Authorization holders must submit their authorizations to the relevant Regional Authority (RA) for endorsement.
* RAs will endorse the authorizations without charging any fees.
Impact Analysis:
Authorization Holders:
* Impact: Benefit from an extended validity period for their EPCG Authorizations, providing more time to fulfill export obligations.
* Action Required: Submit authorizations to the concerned Regional Authority (RA) for endorsement.
Regional Authorities (RAs):
* Impact: Required to endorse EPCG Authorizations to reflect the extended validity period.
* Action Required: Endorse authorizations submitted by authorization holders without charging any fees.
Key Entities Referenced
EPCG Authorisation: Export Promotion Capital Goods (EPCG) Authorisation, a scheme under the Foreign Trade Policy to facilitate imports of capital goods for export production.
Foreign Trade Policy 2015-20: The Foreign Trade Policy (FTP) for the period 2015-2020, which provides the framework for export and import activities in India.
Directorate General of Foreign Trade: The Directorate General of Foreign Trade (DGFT), an agency of the Ministry of Commerce and Industry, responsible for implementing the Foreign Trade Policy.
Ministry of Commerce and Industry: The Indian government ministry responsible for the formulation and implementation of policies related to foreign trade and industry.
Alok Vardhan Chaturvedi: Director General of Foreign Trade and Ex-officio Additional Secretary.
Hand Book of Procedures 2015-20: A document providing detailed procedures and guidelines for implementing the Foreign Trade Policy 2015-20.
New Delhi: The location where the Public Notice was issued.
Government of India Press, Ring Road, Mayapuri, New Delhi-110064: The government printing press responsible for publishing the gazette notification.
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
PUBLIC NOTICE
New Delhi, the 16th November, 2018
No. 47 /2015-20
Subject: Extension of the Validity period of EPCG Authorisation-reg.
F.No. 18/70/AM-19/P-5/PC-2(B)/e-11280.—In Exercise of the powers conferred under Paragraph 1.03 of the
Foreign Trade Policy (FTP) 2015-20, the Director General of Foreign Trade hereby makes the following amendment in
para 2.16 of the Hand Book of Procedures 2015-20:
Para 2.16 Validity Period of Authorisation/License/Certificate/Authorisation/Permissions/ CCPs
Validity period of Import / Export Authorisations from the date of issue shall be as follows, unless specified otherwise:
Sr.No. Types of Authorisation Validity Period
(iv) EPCG Authorisation 24 months
2. Further, the import validity period of the EPCG Authorisations which have been issued prior to the date of
issuance of this Public Notice and whose validity has not expired on the date of issuance of this Public Notice shall also
be extended to 24 months from the date of the issuance of the Authorisation. The Authorisation holders are required to
submit the Authorisations to the concerned RA for endorsement. The RAs shall allow such endorsement without insisting
upon any fee.
Effect of this Public Notice:
(i) The validity period of the EPCG Authorisations has been extended from 18 months to 24 months.
ALOK VARDHAN CHATURVEDI, Director General of Foreign Trade & Ex-officio Addl. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.