Home India Ministry of Commerce and Industry The Directorate General of Foreign Trade had issued followin...
Date: 2018-04-27 Category: Extra Ordinary State: Union Government Country: India

The Directorate General of Foreign Trade had issued following Public Notices

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

**Executive Summary:** This public notice, issued by the Directorate General of Foreign Trade, extends the deadline for receiving requests related to one-time condonation under the EPCG Scheme until September 30, 2018. This extension applies to requests regarding block-wise extensions, general extensions of the Export Obligation period, and delays in submitting installation certificates. The original Public Notices 35/2015-20, 36/2015-20, and 37/2015-20 remain in effect with this extended deadline. **Key Points / Main Content:** * **Extension of Deadline:** * The deadline for receiving requests for one-time condonation under the EPCG Scheme is extended to September 30, 2018. * **Applicable Public Notices:** * This extension applies to the following Public Notices: * Public Notice No. 35/2015-20, dated October 25, 2017 (Block-wise extension in Export Obligation period) * Public Notice No. 36/2015-20, dated October 25, 2017 (Extension in Export Obligation Period) * Public Notice No. 37/2015-20, dated October 25, 2017 (Delay in submission of installation certificate) * **Authority:** * The extension is issued under the powers conferred by Paragraph 2.04 read with Paragraph 2.58 of the Foreign Trade Policy (FTP) 2015-20. * **Existing Content:** * All other contents of the original Public Notices remain unchanged. **Impact Analysis:** * **Exporters:** * *Impact:* Exporters who have been seeking condonation under the EPCG Scheme now have an extended period to submit their requests. This provides additional time to prepare and submit necessary documentation for availing the benefits under the scheme. * *Action Required:* Exporters should review the original Public Notices and prepare and submit their requests for condonation before September 30, 2018. * **Directorate General of Foreign Trade (DGFT):** * *Impact:* DGFT is responsible for processing requests received within the extended timeframe. * *Action Required:* DGFT needs to ensure that the necessary infrastructure and personnel are in place to handle the expected increase in requests due to the extended deadline.

Key Entities Referenced

Alok Vardhan Chaturvedi: Director General of Foreign Trade. EPCG Scheme: Export Promotion Capital Goods Scheme, a scheme to facilitate import of capital goods to promote exports. Directorate General of Foreign Trade: The organization issuing the public notice, responsible for foreign trade policy. Ministry of Commerce and Industry: The parent ministry of the Directorate General of Foreign Trade. New Delhi: Location of issuance of the Public Notice, New Delhi, Delhi. Foreign Trade Policy 2015-20: The governing policy for foreign trade referenced in the notice (FTP 2015-20). 30.09.2018: The extended deadline for receipt of requests related to the public notices. Public Notice No. 35/2015-20 dated 25.10.2017: One of the Public Notices regarding onetime condonation of time period in respect of obtaining blockwise extension in Export Obligation period under EPCG Scheme.
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