The Directorate General of Foreign Trade (DGFT) has extended the Export Obligation Period for Advance Authorisations and Export Promotion Capital Goods Authorisations till the 31st of August this year. Earlier, this Export Obligation period was expiring between the 1st of March and the 31st of May this year. The Ministry of Commerce and Industry, in a statement, said that the decision was taken in view of the prevailing geopolitical developments impacting global shipping routes, logistics corridors and international supply chains. The extension will be granted automatically, and exporters will not be required to submit any separate application or pay any composition fee to avail the benefit.
The Ministry of Commerce and Industry has announced a facilitation measure for exporters by extending the Export Obligation (EO) period for certain export promotion schemes. DGFT has taken the decision in view of the prevailing geopolitical developments impacting global shipping routes, logistics corridors and international supply chains. This step reflects the Government’s continued commitment to supporting exporters and ensuring that temporary global disruptions do not adversely impact India’s export performance or compliance obligations under export promotion schemes.
