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Home» Circulars» 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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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’
 

 

 

 

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’

 

 

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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