In another move to support business which have been impacted during the COVID, DGFT now issues Public Notice to support the Hotel, Healthcare & Educational Services and also provide support to others during the said period.
The Public Notice No. 53/2015-2020 issued on 20.01.2023 essentially is covering two segments
a. Hotel, Healthcare & Educational Services
b. Other EPCG Authorisation Holders.
As per the Public Notice, Para 5.13 (d) has been added to the HBP whereby the Hotel, Healthcare & Educational Services will have no Average Export Obligation for the year 2020-21 and 2021-22
Also, the EO for the said sector will be extended from the date of expiry for no. of days which fall within the date 01.02.2020 and 31.03.2022 (789 Days) without any payment of composition fees.
For All other EPCG Authorisation holders (i.e other than Hotel, Healthcare & Educational Services) EO period may be extended from the date of expiry for no. of days which fall within 01.02.2020 and 31.07.2021 (546 Days). However, this EO Extension will be with 5% additional EO in value terms in FFE on balance export obligation as on 31.03.2022.
Exporter must understand that EO extensions already applied or duty/interest/penalties already paidcannot be reversed.
Exporters may continue to apply for EO Extension as per original provisions with composition fees.
Exporter can refer to the Public Notice via the link
https://content.dgft.gov.in/Website/dgftprod/55008a2d-f1d2-48f3-80d6 39ece4119f75/Public%20Notice%20No%2053%20English.pdf
Regards,
Team Afleo