New Delhi, Mar 12 (KNN) Directorate General of Foreign Trade (DGFT) has further extended the date till September 30, 2019 for filing the receipt of request under Export Promotion Capital Goods (EPCG) Scheme.

The time period for the public notices issued by DGFT with regard to onetime condonation of time period in respect of obtaining block-wise extension in export obligation period under EPCG Scheme, onetime condonation of time period in respect of obtaining extension in export obligation period under EPGG Scheme and acceptance of installation certificate under EPCG scheme by the RAs wherein installation certificate is submitted beyond 18 months has been extended.

EPCG is an export promotion scheme under which an exporter can import certain amount of capital goods at zero duty for upgrading technology related with exports.

Under the EPCG Scheme, the authorization holders are required to submit the installation certificate showing installation of the capital goods to the Regional Authorities (RAs) within the prescribed time period.

Sometimes, the submission of installation certificate to the RAs was not within the time prescribed on account of various reasons, including delay in installation of the machinery/delay in issuance of installation certificate etc. (KNN/JM)