Extension in the Export Obligation period of specified Advance & EPCG Authorisations till 31.12.2021

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..... ject: Extension in the Export Obligation period of specified Advance & EPCG Authorisations till 31.12.2021 reg. S.O. 3945 (E): - In exercise of powers conferred by Section 5 of FT(D&R) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Central Government hereby makes following amendments in the Hand Book of the procedure 2015-20. 2. The f .....

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..... pon the payment of composition fee, the refund of the composition fee will not be permitted. 3. The following Sub para is added after Subpara para 5.17 (e) of HBP : "5.17 (f): a. For EPCG Authorisations, where original or extended Export Obligation (EO) period is expiring during the period between 01.08.2020 and 31.07.2021, the Export Obligation period would be extended till 31.12.2021 w .....

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..... not approach RA or make any application to avail this benefit. Effect of the Notification: Another option to avail extension in Export Obligation period till 31.12.2021 in case of specified Advance Authorisations and EPCG Authorisations is provided without any composition fees subject to 5% additional export obligation on balance exports to be fulfilled..This is in addition to EO extensions facil .....

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