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of <h1>India's Foreign Trade Policy Amended: EPCG Authorization Holders Get 3-Year Export Obligation Extension Post-CDR Approval</h1> The Government of India has amended Chapter 5 of the Foreign Trade Policy 2009-14 by introducing a new sub-para 5.5.1(c). This amendment allows holders of EPCG Authorization, who receive relief under the Corporate Debt Restructuring (CDR) mechanism, an additional three years to fulfill their Export Obligation (EO). This extension is granted from the date of CDR approval and does not require a Composition fee. It is supplementary to any EO extension available under Para 5.11 of the Handbook of Procedures. The amendment is effective immediately as per the notification issued by the Director General of Foreign Trade.
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