DGFT provided one time relaxation in submission of additional fee to cover excess duty utilised in EPCG authorisations
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.
- 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.
- 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 FODC 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 EPCC authorisations issued under Foreign trade Policy (2009-14) (extended upto 31.03.2015). Source