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of <h1>EPCG Scheme Updates: Chapter 5 Amendments Reduce Compliance, Extend 2022-23 Returns Deadline, Introduce Late Fee.</h1> Amendments have been made to Chapter 5 of the Handbook of Procedures 2015-20 concerning the Export Promotion Capital Goods (EPCG) Scheme to reduce compliance burdens and enhance business ease. The Director General of Foreign Trade has extended the deadline for filing annual returns for the year 2022-23 to September 30, 2022. A late fee of Rs. 5000 will apply for returns filed from 2022-23 onwards. These changes are effective immediately and pertain to EPCG authorizations issued under the Foreign Trade Policy 2015-2020.
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