https://www.taxtmi.com/circulars?id=66170 One-time relaxation of Average Export Obligation and extensions of Export Obligation (EO) periods are provided for specified EPCG authorisations due to COVID-19. Hotel, Healthcare and Educational sector authorisations are exempt from Average Export Obligation for 2020-21 and 2021-22 and qualify for fee free EO extensions equal to days within the COVID window, with prior extensions deducted; paid composition fees or other payments are not refundable. For other sectors, fee free EO extensions are available for a narrower period but carry a 5% additional EO in value terms on the balance EO, and the paid composition fee option remains available where eligible. en-us Fri, 20 Jan 2023 00:00:00 +0530 Fri, 20 Jan 2023 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66170 One-time relaxation of Average Export Obligation and extensions of Export Obligation (EO) periods are provided for specified EPCG authorisations due to COVID-19. Hotel, Healthcare and Educational sector authorisations are exempt from Average Export Obligation for 2020-21 and 2021-22 and qualify for fee free EO extensions equal to days within the COVID window, with prior extensions deducted; paid composition fees or other payments are not refundable. For other sectors, fee free EO extensions are available for a narrower period but carry a 5% additional EO in value terms on the balance EO, and the paid composition fee option remains available where eligible. Circulars DGFT Fri, 20 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66170