Directorate General of Foreign Trade circular dated 05th December, 2023 has directed for Closure of cases of default in Export Obligation under Advance Authorization and EPCG Schemes where applications have been filed with PRC/EPCG Committee for relaxation in policy/procedure on grounds of genuine hardship/adverse impact on trade.
Policy Relaxation Committee (PRC)/EPCG Committees considers each application based on individual facts and circumstances oh a case to case basis. Since Policy relaxation is not a matter of right, all such authorization holders are advised to not wait till their requests are decided by the PRC/EPCG Committees and submit their applications for closure of default in EO under the Amnesty Scheme by the prescribed date of 31.12.2023.
Pendency of any application for relaxation/clarification would not form a ground for relief/extension of permissible time period for filing of applications under the Amnesty Scheme beyond the prescribed date. All AA/EPCG authorization holders covered under the Amnesty scheme are requested to avail of the scheme as the last date for filing applications will not be extended beyond 31.12.2023.
Regional Authorities, DGFT are also requested to dispose off the pending applications filed under the Amnesty Scheme before 31.12.2023.