New Enroll in RBI Grade B New Batch - Starts on May 21

    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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