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of <h1>New Guidelines for Export Obligation Compliance Under EPCG and Advance Authorization Schemes Announced, Establishing Monitoring Cell.</h1> The public notice introduces guidelines to streamline monitoring of export obligations under the Export Promotion Capital Goods (EPCG) and Advance Authorization schemes. It establishes the Export Obligation Monitoring Cell (EOMC) to oversee compliance, requiring importers to submit installation certificates and fulfill export obligations within set timelines. Non-compliance may result in penalties, including confiscation under the Customs Act, 1962. The notice emphasizes communication with the Directorate General of Foreign Trade and encourages reporting of implementation issues. The notice aims to ensure proper use of concessions and support the trade community by outlining clear procedures for compliance and enforcement.
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