Relaxation For Epcg Issued In 2009-2004 Policy Period
DGFT – Public Notice No 58/2015-2020, dated 24th February 2023
Subject : One-time relaxation for furnishing additional fee to cover excess imports affected under the Export Promotion of Capital Goods Scheme to promote Ease of Doing Business – reg.
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DGFT hereby makes the following amendments in Chapter 5 of the Handbook of Procedures 2015-20.
| Para No | Amended Para |
| 5.16 (a) | The following para is amended: “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 utilized, to RA concerned at the time of application for EODC. Further to facilitate the Ease of Doing Business, it has been decided to permit the RA’s to allow the authorization holder to furnish additional fee to cover excess duty utilized for the EPCG authorization 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. |
| Analysis | One-time relaxation is granted in the submission of an additional fee to cover excess duty utilized in EPCG authorization issued under FTP 2009-14 (extended upto 31-03-2015). |