The Directorate General of Foreign Trade (DGFT) has extended the export obligation period for Advance Authorisations and Export Promotion Capital Goods (EPCG) Authorisations until August 31. The move is aimed at providing relief to exporters facing challenges in meeting deadlines due to global market uncertainties.
Officials stated that the extension will help businesses fulfill their export commitments without penalty, ensuring smoother compliance with trade regulations. The decision is expected to benefit a wide range of industries engaged in international trade.
Industry experts welcomed the announcement, noting that the extension offers much-needed flexibility for exporters navigating supply chain disruptions and fluctuating demand. The DGFT’s step underscores the government’s commitment to supporting India’s export sector.
