Onetime condonation of time period in respect of obtaining extension in Export Obligation period under EPCG Scheme

Onetime condonation of delay permits belated EPCG export obligation extension requests subject to procedural compliance and fee.

Onetime condonation is allowed for delayed requests to extend the EPCG Export Obligation period when requests otherwise comply with procedural requirements; RAs may grant extensions in continuation of the original or extended expiry period under the Handbook of Procedures applicable on the date of authorization, subject to payment of an additional composition fee and fulfillment of all FTP and HBP conditions.