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of <h1>DGFT Circular Amends Export-Import Policy Handbook: Key Changes to EPCG Licenses, Deemed Export Benefits, and DEPB Scheme.</h1> The circular issued by the Director General of Foreign Trade amends the Handbook of Procedures (Vol.1) for the Export and Import Policy, 1997-2002. Key amendments include corrections to requirements for exporters regarding legal undertakings and bank guarantees, adjustments to the validity of EPCG licenses for importing spares, and conditions for deemed export benefits for power and oil sectors under specific notifications. Changes are also made to various appendices, including DEPB scheme corrections for product groups like engineering, plastics, and chemicals. The document stipulates adjustments to application procedures and documentation requirements in several appendices, aiming to streamline export-import processes.
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