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DGFT) issued Policy Circular No. 04/2024 dated 03.06.2024 providing relaxation in the provision of submission of ‘Bill of Export’ as evidence of export obligations discharge for supplies made to SEZ units in case of Advance Authorisation.
The government has recovered about Rs 852 crore under the amnesty scheme for exporters for one-time settlement of default in export obligation by the holders of advance and EPCG authorisations, an official said. The figures are likely to increase further as the exercise is on for the compilation of the data, the official added.
In a landmark decision, Hon’ble Supreme Court has underscored a crucial point for the business community: companies facing financial hardship and unable to meet export obligations should not be penalized.
The Directorate General of Foreign Trade (DGFT) issued Policy Circular No. 01/2024 dated 12.04.2024 on subject “Clarification on discharge of Export Obligaiton of Advance Authority
The Union Budget 2023-24 may propose a dispute resolution scheme for exporters, which will offer a one-time opportunity to settle…
To regularise export obligation (EO) default cases under the Export Promotion Capital Goods (EPCG) and Advance Authorisation (AA) schemes, the…