Hello,
What is the procedure for extention of licence for a block under EPCG (FTP)?
Eden Rusden
(SEO)
(22 Points)
Replied 29 October 2018
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Diana Dy
(2 Points)
Replied 19 October 2023
Extending an EPCG license period is a common query among exporters, and it's essential to understand the process to ensure compliance with the Foreign Trade Policy (FTP). Typically, the procedure for extending an EPCG (Export Promotion Capital Goods) license involves submitting an application to the relevant authorities, such as the Directorate General of Foreign Trade (DGFT) in India. The application should include details about the block for which the extension is sought and reasons for the extension. Additionally, exporters may need to provide evidence of fulfilling export obligations and pay any required fees or penalties. The key is to maintain clear communication with the authorities and follow the prescribed guidelines diligently.
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