Public Notice No: 13/2015-2020 Dated. 09thJune, 2022
Issued By. DGFT
Subject : Amendments in Chapter 5 of the HBP 2015-20 related to Export Promotional Capital Goods Scheme to reduce Compliance Burden and enhance Ease of doing Business -reg.
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DGFT hereby makes the following amendments in Chapter 5 of the HBP 2015-20 with immediate effect and are applicable for EPCG Authorizations issued under FTP 2015-20.
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Existing Provision
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Revised Provision
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5.15 Annual reporting of EO fulfillment
Authorisation holders shall submit to RA concerned by 30th June of every year, a report on fulfillment of Export obligation through online. Such a report shall contain details such as Shipping bill / GST invoice number, date of export / supply, description of product exported / supplied, and FOB / FOR value of export / supply for both specific as well as average export obligation. Any delay in filing such an annual report shall be regularised on payment of Rs. 5000/- late fees for each financial year per authorisation.
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5.15 Annual reporting of EO fulfillment
Authorisation holders shall submit to RA concerned by 30th June of every year, a report on fulfillment of Export obligation through online. Such a report shall contain details such as Shipping bill / GST invoice number, date of export / supply, description of product exported / supplied, and FOB / FOR value of export / supply for both specific as well as average export obligation. Any delay in filing such an annual report shall be regularised on payment of Rs. 5000/- late fees for each financial year per authorisation.
The time limit to file returns for the year 2022-23 is extended till 30-9-2022. Late fees of ? 5000/- under this para is applicable for the returns due to be filed from the year 2022-23 onwards.
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