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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Chapter 5 Amendments: Extended Installation Certificate Deadlines & Revised Fees under Export Promotion Capital Goods Scheme.</h1> The amendments in Chapter 5 of the Handbook of Procedures 2023 aim to reduce compliance burdens and enhance ease of doing business under the Export Promotion Capital Goods Scheme. Key changes include extending the period for submitting installation certificates from six months to three years, increasing the composition fee for extensions, and deleting the requirement for spares' installation certificates. The amendments also revise the composition fees for extending the Export Obligation period, with differentiated fees based on the duty saved value. These changes apply to authorizations issued under the Foreign Trade Policy 2023 and prior policies.
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