CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road, Mumbai – 400 001.
Tel : 91-22-22021288, 22021330 Fax : 91-22-22026684.
E-mail : info@chemexcil.in
Website : http://www.chemexcil.in
EPC/LIC/DGFT 19th April 2022
ALL THE MEMBERS OF THE COUNCIL
DGFT
Amendments in Chapter 5 of the Handbook of Procedures 2015-20, related to Export
Promotion Capital Goods Scheme to reduce ‘Compliance Burden’ and enhance ‘Ease of doing
Business’
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Dear Members,
We would like to inform you that O/o DGFT has issued Public Notice No. 03/2015-2020-DGFT dated 13th April 2022 regarding Amendments in Chapter 5 of the Handbook of Procedures 2015-20, related to Export Promotion Capital Goods Scheme to reduce ‘Compliance Burden’ and enhance ‘Ease of doing Business’
Effect of this Public Notice:
With a view to enhance ease of doing business and reduce the compliance burden, certain provisions of Chapter 5 related to the Export Promotion Capital Goods Scheme of the Handbook of Procedures (2015-20) are amended for EPCG authorizations issued under Foreign Trade Policy (2015-20).
Amendments have been done on following Paras pertaining to EPCG Scheme:
Ø Para 5.14:- Block-wise Fulfilment of EO
Ø Para 5.15:-Annual reporting of EO fulfillment
Ø Para 5.16:- Automatic Reduction/ Enhancement upto 10% Duty saved amount and pro rata Reduction/ Enhancement in export obligation
Ø Para 5.17- Extension in Export Obligation Period
Ø Para 5.19A – Maintenance of Annual Average Export Obligation
Ø Para 5.22- Export Obligation Discharge Certificate (EODC)
Ø Para 5.23 Regularization of Bonafide Default and Exit from EPCG Scheme
Members (specially EPCG holders) are requested to take note and for full details, please refer to the said PN available on below link-
https://content.dgft.gov.in/Website/dgftprod/5321a1fd-a653-4914-8567-581e86983cbe/PN%20dated%2013-04-2022%20(English).pdf
Feed-backs, if any may also be sent to the council on e-mail ids: - dg@chemexcil.in & pw@chemexcil.in, for records/ further deliberations, if required.
Thanking You,
Yours faithfully,
Deepak Gupta
Acting Executive Director
CHEMEXCIL
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