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    Question

    Which aspects of the Export Promotion Capital Goods

    (EPCG) Scheme were simplified by the Directorate General of Foreign Trade (DGFT) in July 2024? A) Amendments in Chapter 5 of the Handbook of Procedures B) A simplified composition fee structure for Export Obligation extensions C) Implementation of Policy Relaxation Committee decisions regarding Export Obligation extensions  
    A Only A & B Correct Answer Incorrect Answer
    B Only A & C Correct Answer Incorrect Answer
    C Only B & C Correct Answer Incorrect Answer
    D Only B Correct Answer Incorrect Answer
    E All A, B, & C Correct Answer Incorrect Answer

    Solution

    The DGFT implemented several enhancements to the EPCG Scheme to facilitate easier and more cost-effective compliance for exporters. These include amendments to procedural guidelines, a revised fee structure for extending Export Obligations, and the implementation of committee decisions to streamline processes for exporters, aligning with government efforts to bolster India's manufacturing sector.

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