Export Obligation Compliance: Detailed SOPs for EPCG and Advance Authorization Holders

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....2024 - Standard Operating Procedures (SOP) regarding monitoring of Export obligation fulfilment under EPCG and Advance authorization scheme-Reg. The present public notice has issued a new set of guidelines aimed at streamlining the process for monitoring the fulfillment of export obligations under the Export Promotion Capital Goods (EPCG) and Advance Authorization schemes. This note tried to pres....

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....ization Scheme: Allows duty-free import of inputs used in export products, subject to export obligations. * Export Obligation Fulfillment: Exporters must meet their export obligations within specified timelines or request extensions. Failure to meet obligations requires payment of proportional duties and interest. * Monitoring and Compliance: The notice outlines procedures for monitoring c....

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.... establishes clear procedures for monitoring, compliance, and enforcement, aiming to streamline operations and support the trade community. For Further Communication Trade associations, importers, and customs brokers are encouraged to disseminate this information among their members and constituents. Any difficulties or queries regarding the implementation of these procedures should be communica....