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 ÂSolution
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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