DGFT issued trade notice for resolving Export Obligation Defaults cases under Advance Authorization and EPCG Schemes

The Directorate General of Foreign Trade (DGFT) released Trade Notice No. 35/2023-24 on December 5, 2023. The notice pertains to the Amnesty Scheme for resolving cases of default in Export Obligation under Advance Authorization and EPCG Schemes. It specifically addresses situations where applications have been submitted to the Policy Relaxation Committee (PRC)/EPCG Committee, seeking relief due to genuine hardship or adverse impact on trade.

Read the official notice here