Government lowered the export obligation under a key

Solution

The Government lowered the export obligation under a key incentive scheme namely Export Promotion Capital Goods (EPCG) for 192 products whose exports had declined by more than 5 per cent in the financial year 2022. These products include certain kinds of silver, precious metals and concentrates, revolvers and pistols, wrist watches, citrus fruits and some textiles and the move is likely to bring respite to their exporters. Other goods eligible for the relief are spices such as ginger and turmeric, woven cotton fabrics, cheese and curd, paint varnishes, garments, and tomatoes