EPCG Export Obligation Annual Return Filing Date Extended by Three Month to 30 Sept

· Late Fee Rs. 5k thereafter applicable

[DGFT Public Notice No. 13 dated 9^th June 2022]

Subject: Amendments in Chapter 5 of the Handbook of Procedures 2015-20, related to Export Promotion Capital Goods Scheme to reduce 'Compliance Burden' and enhance ‘Ease of doing Business’.

Effect of this Public Notice: Extension of last date for filing of annual returns under Para 5.15 of HBP 2015-20 along with a clarification that imposition of penalty of Rs.5000/- for late filing of annual returns is applicable from 2022-23.

In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP) 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in Chapter 5 of the Handbook of Procedures (2015-20) with immediate effect. These amendments arc applicable for EPCG authorizations issued under FTP-2015-20.

1. The following sentence is added at the end of existing para 5.15 of Handbook of procedures.

“Time limit to file returns for the year 2022-23 is extended till 30.9.2022. Late fees of Rs. 5000/- under this para is applicable for the returns due to be filed from the year 2022-23 onwards”.

(Issued from File No. 18179/AM-21/P-5)

Updated Para 5.15 of Handbook of Procedures

5.15 Annual Reporting of EO Fulfillment

Authorisation holders shall submit to the 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 10v01ce 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.

Time limit to file returns for the year 2022-23 is extended till 30.9.2022. Late fees of Rs. 5000/- under this para is applicable for the returns due to be filed from the year 2022-23 onwards.