The Directorate General of Foreign Trade (DGFT) vide its Public Notice No 13/2015-2020 dated 09th June 2022 extends the due date for filing of annual return under the Export Promotion Capital Goods (EPCG) Scheme for the year 2022-23 till 30th September 2022. Further, a late fee of Rs 5000/- for has been introduced for the returns due to be filed from 2022-23 onwards.
In exercise of the power conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP) 2015-2020, as amended from time to time, the Director-General of Foreign Trade hereby makes the following amendments in Chapter 5 of the Handbook of Procedures (2015-20) with immediate effect. These amendments are applicable for EPCG authorizations issued under FTP 2015-20.
The following sentence is added at the end of the existing para 5.15 of the Handbook of Procedures:
“Time limit to file returns for the year 2022-23 is extended till 30.09.2020. Late fees of Rs 5000/- under this para is applicable for the returns due to be filed from the year 2022-23 onwards.”
Effect of this Public Notice: Extension of last date for filing of annual returns under Para 5.15 of HBP 2015-20 along with a clarification that imposition of penalty of Rs 5000/- for late filing of annual returns is applicable from 2022-23.
