DGFT - Public Notice No 22/2023 dated 13-07-2023
Subject : Condonation of delay in submission of installation certificate under EPCG Scheme to Promote Ease of Doing Business
DGFT has today announced the condonation of delay in submission of the Installation Certificate for Authorization issued under FTP 2009-2014 and FTP 2015-2020 (extended upto 31-03-2023) vide Public Notice No 22 / 2023 dated 13-07-2023.
As per the notice RAs may accept such Installation Certificates up to 31-03-2023 for regularization purposes on payment of a late fee of ? 10,000/- per Authorization in addition to composition fee wherever applicable subject to the below conditions:-
→ Applicable to Authorizations issued under FTP 2009-14 and FTP 2015-20
→ The Installation Certificate was obtained within the prescribed period but the same could not be submitted to the RA within time.
→ The authorization holder has given bonafide reasons for the delay in the submission of the installation Certificate to RA.
→ The subject EPCG authorization is not under investigation / adjudicated by RA / Customs Authority / any other investigating agency.