Home India Ministry of Commerce and Industry One time relaxation for furnishing additional fee to cover e...
Date: 24-Feb-2023 Category: Extra Ordinary State: Union Government Country: India

One time relaxation for furnishing additional fee to cover excess imports affected under the Export Promotion Capital Goods Scheme to promote Ease of Doing Business

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The Directorate General of Foreign Trade (DGFT) has issued a public notice providing a one-time relaxation in the procedure for accepting fees related to excess duty utilization under the Export Promotion Capital Goods (EPCG) Scheme.
  • This relaxation aims to promote ease of doing business by allowing authorization holders to furnish additional fees to cover excess duty utilized.

Key Changes

  • Public Notice No. 03 dated 13.04.2022, which amended para 5.16(a) of Handbook of Procedures (HBP) 2015-20, is referenced, allowing EPCG authorization holders to pay additional fees to cover excess duty utilized at the time of application for Export Obligation Discharge Certificate (EODC).
  • Regional Authorities (RAs) are now permitted to allow authorization holders to furnish additional fees to cover excess duty utilized for EPCG authorizations issued under the Foreign Trade Policy (FTP) 2009-14 (extended up to 31.03.2015) at the time of EODC application.
  • This one-time relaxation is subject to the condition that the excess duty utilized should not be more than 10% of the duty saved value of the authorization.

Impact Analysis

Impact on Exporters

  • The excess duty utilized should not be more than 10% of the duty saved value of the authorization.

Impact on Regional Authorities (RAs)

  • RAs need to implement the revised procedure for accepting additional fees and processing EODC applications.

Suggested Action Items

  • RAs should create awareness among exporters about the one-time relaxation and the revised procedure.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The issuing authority of the public notice, responsible for formulating and implementing foreign trade policy. Export Promotion Capital Goods (EPCG) Scheme: A scheme that allows import of capital goods at zero or concessional duty, subject to an export obligation. Regional Authorities (RAs): Regional offices of DGFT responsible for implementing foreign trade policies and schemes at the regional level. Export Obligation Discharge Certificate (EODC): A certificate issued by the RA upon fulfillment of the export obligation under the EPCG scheme. Foreign Trade Policy (FTP) 2009-14: The foreign trade policy in effect from 2009 to 2014, later extended up to 31.03.2015. Foreign Trade Policy 2015-2020: The foreign trade policy in effect from 2015 to 2020, as amended from time to time. Public Notice No. 03 dated 13.04.2022: A public notice amending para 5.16(a) of Handbook of Procedures (HBP) 2015-20.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-24022023-243904 xxxGIDHxxx CG-DL-E-24022023-243904 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 55] नई दिल्ली, िुक्रवार, फरवरी 24, 2023 फाल्ग नु 5, 1944 No. 55] NEW DELHI, FRIDAY, FEBRUARY 24, 2023/PHALGUNA 5, 1944 ubZ fnYyh] 24 Qjojh] 2023 a le;&le; ij ;Fkk la'kksf/kr fon's k O;kikj uhfr] 2015&2020 ds iSjk 1-03 vkSj iSjk 2-04 ds rgr iznÙk 'kfDr;ks a dk iz;ksx djr s gq,] egkfuns'kd] fons'k O;kikj ,rn}kjk bZihlhth Ldhe ds rgr iz;qDr vfrfjDr “kqYd mi;ksx gsrq “kqYd dks Lohdkj dju s ds laca/k eas izfØ;k eas ,ddkfyd NwV iznku djr s gSa%& 1- O;kikj dju s eas lqxerk gsrq bZvksMhlh gsrq vkosnu djr s le; lacaf/kr {ks=h; izkf/kdkjh dk s iz;qDr vfrfjDr “kqYd dks doj djus ds fy, vfrfjDr “kqYd dk s Hkjus gsrq bZihlhth izkf/kdkj i= /kkjd dk s vuqefr iznku dju s gsrq izfØ;k iqLrd] 2015&20 ds iSjk 5-16 ¼d½ dk s la'kksf/kr dju s okyh lkoZtfud lwpuk la- 03 fnukad 13-04-2022 dk s tkjh fd;k x;k FkkA 2- O;kikj dju s eas lqxerk dks lqfo/kktud cuku s gsrq bZvksMhlh dk vkosnu djr s le; fons'k O;kikj uhfr 2009&14 ¼31-03-2015 rd c<k+bZ xbZ½ ds rgr tkjh bZihlhth izkf/kdkj i=ks a gsrq iz;qDr vfrfjDr “kqYd dk s doj djus ds fy, vfrfjDr “kqYd dk s Hkjus ds fy, izkf/kdkj i= /kkjd dks vuqer dju s gsrq vkj, dks vuqefr iznku fd, tkus dk fu.kZ; fy;k x;k gS c'krZs fd iz;qDr vfrfjDr “kqYd izkf/kdkj i= ds cpk, x, ewY; ds 10 izfr'kr ls vf/kd u gksA 1243 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] fon's k O;kikj uhfr ¼2009&14½ ¼fnukad 31-03-2015 rd c<k+bZ xbZ½ ds rgr tkjh bZihlhth izkf/kdkj i=ks a eas iz;qDr vfrfjDr “kqYd dk s doj dju s gsrq ,ddkfyd NwV iznku dh xbZ gSA larks"k dqekj lkjaxh] Ekgkfuns'kd] fons'k O;kikj ,oa inus vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 24th February, 2023 No. 58 /2015-2020 Subject:- One time relaxation for furnishing additional fee to cover excess imports affected under the Export Promotion Capital Goods Scheme to promote Ease of Doing Business – reg. F. No. 18/79/AM-21/P-5.—In exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby makes one time relaxation in procedure in respect of acceptance of fee for excess duty utlisation under the EPCG Scheme. 1. For Ease of Doing Business, Public Notice No. 03 dated 13.04.2022 was issued amending para 5.16(a) of HBP, 2015-20 to allow the EPCG authorization holder to furnish additional fee, to cover excess duty utlised, to RA concerned at the time of application for EODC. 2. To facilitate the Ease of Doing Business, it has been decided to permit the RAs to allow the authorisation holder to furnish additional fee to cover excess duty utilized for the EPCG authorizations issued under the FTP 2009-14 (extended upto 31.03.2015) also at the time of application of EODC subject to the condition that excess duty utilized was not more than 10% of duty saved value of the authorization. Effect of this Public Notice: One time relaxation is granted in submission of additional fee to cover excess duty utilised in EPCG authorisations issued under Foreign Trade Policy (2009-14) (extended upto 31.03.2015). SANTOSH KUMAR SARANGI, 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.

Continue your research