access logo

India relaxes export obligations for exporters amidst headwinds from West Asia conflict

  • Post category:Finance
Share this Post


In view of the prevailing geopolitical developments impacting global shipping

routes, logistics corridors and international supply chains, India has extended the Export Obligation (EO) Period for Advance Authorisations and EPCG (Export Promotion Capital Goods) Authorisations for exporters till August 31,  2026.


The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has announced a facilitation measure for exporters by extending the EO period for certain export promotion schemes through a public notice.
The notice has provided for automatic extension of the EO period or Block-wise EO fulfilment period up to August 31, 2026, for specified Advance Authorisations and EPCG Authorisations where the EO period is expiring between 1st March 2026 and 31st May 2026.

Also Read: Russia gets export boost from Iran war as price of oil to India surges

The extension will be granted automatically, and exporters will not be required to submit any separate application or pay any composition fee to avail the benefit. The measure aims for additional operational flexibility for exporters facing disruptions arising from current geopolitical developments affecting global trade and logistics.

The relaxation applies to Advance Authorisations, including Advance Authorisation for Annual Requirement and Special Advance Authorisation, as well as EPCG Authorisations.

The extension granted under the Public Notice will be in addition to the existing provisions under the Foreign Trade Policy (FTP) and Handbook of Procedures (HBP), which allow exporters to seek EO period extensions upon payment of prescribed composition fees.

Also Read: China tells top refiners to halt diesel and gasoline exports

The Regional Authorities of DGFT will verify compliance with the Export Obligation requirements at the time of issuance of the Export Obligation Discharge Certificate (EODC), closure, or regularisation of the authorisation. Customs authorities have also been informed through the Public Notice to permit exports in accordance with the revised EO timelines.



Source link

Share this Post

Leave a Reply