The Directorate General of Foreign Trade (DGFT) on July 13, 2023, issued a notification regarding the condonation of delay in submission of installation certificate under the EPCG Scheme to promote Ease of Doing Business.
The DGFT makes the following relaxation in procedure in respect of acceptance of installation certificate under EPCG Scheme for authorizations issued under FTP, 2009-14 and FTP, 2015-20.
DGFT has received a number of requests from authorization holders for condonation of delay in the submission of the installation certificate to the RA beyond the prescribed time limit.
The issue has been considered. It has been decided that in relaxation of the procedure, the RAS concerned may accept such installation certificates up to December 31, 2023, for regularization purposes on payment of a late fee of Rs. 10,000/- per authorization (in addition to the composition fee, wherever applicable) subject to the following: -
• The authorizations have been 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.
[Notice No. 22/2023]
