DGFT issued Trade Notice on Amnesty Scheme for Resolving Export Obligation Defaults under Advance Authorisation and EPCG Schemes

NEW DELHI : The DGFT issued Trade Notice No. 35/2023-24 dated December 05, 2023, concerning the Amnesty Scheme for the closure of cases of default in Export Obligation under Advance Authorisation and EPCG Schemes where applications have been filed with PRC/EPCG Committee for relaxation in policy/procedure on grounds of genuine hardship/adverse impact on trade.

The Amnesty Scheme for closure of cases of default in Export Obligation (EO) under Advance Authorisation (AA) and EPCG Schemes was notified vide Public Notice No. 02/2023 dated April 01, 2023. The last date for submitting applications under the Amnesty Scheme has been extended till December 31, 2023 vide Public Notice No. 20/2023 dated June 30, 2023.

In this context all concerned are informed that Policy Relaxation Committee (PRC)/EPCG Committees consider each application based on individual facts and circumstances on a case to case basis. Since Policy relaxation is not a matter of right, all such authorisation holders are advised to not wait till their requests are decided by the PRC/EPCG Committees and submit their applications for closure of default in EO under the Amnesty Scheme by the prescribed date of December 31, 2023. Pendency of any application for relaxation/clarification would not form a ground for relief/extension of permissible time period for filing of applications under the Amnesty Scheme beyond the prescribed date.

All AA/EPCG authorization holders covered under the Amnesty scheme are requested to avail of the scheme as the last date for filing applications will not be extended beyond December 31, 2023.

Regional Authorities, DGFT are also requested to dispose off the pending applications filed under the Amnesty Scheme before December 31, 2023.