Condonation of delay in submission of installation certificate under EPCG Scheme to promote Ease of doing Business

EXTRAORDINARY PART I—Section 1 PUBLISHED BY AUTHORITY ubZ fnYyh] 13 tqykbZ] 2023 .—le;&le; ij ;Fkk la'kksf/kr fons' k O;kikj uhfr ] 2023 ds iSjk 1 -03 vkSj 2 -04 ds rgr iznÙk 'kfDr;ksa dk Ikz;ksx djrs gq,] egkfuns' kd] fons'k O;kikj ,rn~}kjk lkoZtfud fgr esa ,QVhih 2009&14 vkSj ,QVhih] 2015&20 ¼31 -03-2023 rd f oLrkfjr½ ds rgr tkjh izk f/kdkj i=ksa gsrq bZihlhth Ldhe ds varxZr laLFkkiu izek.ki= dks Lohdkj djus ds laca/k esa izfØ;k esa fuEufyf[kr NwV nsrs gSaA 1- bZihlhth Ldhe ds rgr izkf/kdkj i= /kkjdksa ds fy, fu/kkZfjr le;kof/k ds Hkhrj {ks=h; izkf/kdkjh dks iwat hxr oLrqvksa dh laLFkkiuk dh iqf’V djus okyk laLFkkiu izek.ki= izLrqr djuk visf{kr gSA Mhth,QVh dks fu/kkZfjr le; lhek ds ckn {ks=h; izkf/kdkjh dks laLFkkiu izek.ki= izLrqr djus esa foyac dks ekQ djus ds fy, izkf/kdkj i= /kkjdksa ls dbZ vuqjks/k izkIr gq, gSaA 2- bl eqís ij fopkj fd;k x;k gSA ;g fu.kZ; fy;k x;k gS fd izfØ;k esa NwV nsrs gq, ] lacaf/kr { ks=h; izkf/kdkjh izfr izkf/kdkj&i= 10000@& #i, ds foyac “kqYd ¼lajpuk “kqYd ds vfrfjDr ] tgk¡ Hkh ykxw gks½ ds Hkqxrku ij fu;ferhdj.k mís”; gsrq 31 -12-2023 rd fu Eufyf[kr ds v /;/khu ,sls laLFkkiu izek.ki= Lohdkj dj ldrs gSa %& i. izkf/kdkj&i= fons' k O;kikj uhfr] 2009&14 vkSj fons' k O;kikj uhfr] 2015&20 ds rgr tkjh fd, No. 174] NEW DELHI, THURS DAY, JULY 13, 2023/ASHADHA 22, 194 5 CG-DL-E-13072023-247278 ii. laLFkkiu izek.k&i= fu/kkZfjr vof/k esa izkIr gqvk ysfdu mls {ks=h; izkf/kdkjh ds le{k le; ij izLrqr ugha fd;k tk ldkA iii. izkf/kdkj&i= /kkjd us laLFkkiu izek.k&i= dks izLrqr djus esa foyac ds fy, izkekf.kd dkj.k {ks=h; izkf/kdkjh ds le{k izLrqr dj fn, gSaA iv. bZihlhth izkf/kdkj&i= dk ekeyk vkj,@lhek 'kqYd izkf/kdkjh@ fdlh vU; tkap ,tsalh }kjk tkap@U;k;fu.kZ;u ds rgr ugha gSA O;kikj d h lqxerk dks c<+kok nsus ds mís '; ls bZihlhth Ldhe ds rgr laLFkkiu izek.k&i= dks izLrqr djus esa foyac gsrq NwV iznku dh xbZ gSA larks"k dqekj lkjaxh] egkfuns'kd fons'k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce ) (DIRECTORATE GENERAL OF FOREIGN TRADE ) PUBLIC NOTICE New Delhi the 13 th July, 2023 No. 22/2023 Subject: Condonation of delay in submission of installation certificate under EPCG Scheme to promote Ease of doing Business – reg. F. No. 01/36/218/13/AM -24/EPCG .—In exercise of powers conferred under Paragraphs 1.0 3 and 2.04 of the Foreign Trade Policy, 2023, as amended from time to time, the Director General of Foreign Trade in public interest hereby makes the following relaxation in procedure in respect of acceptance of installation certificate under EPCG Scheme f or authorizations issued under FTP, 2009 -14 and FTP, 2015 -20 (extended upto 31.03.2023). 1. Under the EPCG Scheme, the authorization holders are required to submit the installation certificate confirming installation of the capital goods to the RA within the prescribed time period. DGFT has received a number of requests from authorization holders for condonation of delay in submission of the installation certificate to the RA beyond the prescribed time limit. 2. The issue has been co nsidered. It has been decided that in relaxation of the procedure, the RAs concerned may accept such installation certificates upto 31.12.2023 for regularization purpose on payment of late fee of Rs. 10,000/ - per authorization (in addition to composition f ee, wherever applicable) , subject to the following : - i. The authorizations have been issued under FTP, 2009 -14 and FTP, 2015 -20. ii. The installation certificate was obtained within the prescribed period but the same could not be subm itted to the RA within time. iii. The authorization holder has given bonafide reasons for delay in submission of installation certificate to RA. iv. The subject EPCG authorization is not under investigation/adjudicated by RA/Customs authority/any other investig ating agency. Effect of this Public Notice : With a view to enhance Ease of Doing Business, a relaxation for delay in submission of installation certificate under the EPCG Scheme is provided. SANTOSH KUMAR SARANGI , Director General of Foreign Trade & Ex-officio Add l. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.